Instant relief! The best use of trading losses. By Rebecca Benneyworth
Rebecca Benneyworth kicks-off the first in her a series of articles examining relief for losses.
The next couple of years is going to be a difficult time for everyone, and in business, thoughts turn to the best use of losses, obtaining the maximum and swiftest relief for our clients, securing a tax repayment as soon as possible to help with the cashflow.
The legislation governing loss relief in income tax was rewritten into Income Tax Act 2007, but it is fair to say that no material amendments were made to the relief provided for