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Loss relief

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My wife and I own 2 companies. Can I transfer the loss of one company to the other company which is a profit making company. Both the companies are not the same trade

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By Wanderer
12th Aug 2019 17:28

Is this the same as your other question?
https://www.accountingweb.co.uk/any-answers/group-loss-relief-5

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Replying to Wanderer:
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By atleastisoundknowledgable...
12th Aug 2019 17:30

You’re a quicker typer than I am.

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By atleastisoundknowledgable...
12th Aug 2019 17:29

If you word the question differently, do you think I’ll give you a different answer than I did a few minutes ago? I’m not The Revenue.

https://www.accountingweb.co.uk/any-answers/group-loss-relief-5

But you’d be right. Do it. See what happens.

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RLI
By lionofludesch
12th Aug 2019 17:52

No. Neither company is in a group.

Have another go at phrasing the question. Third time lucky.

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Replying to lionofludesch:
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By atleastisoundknowledgable...
12th Aug 2019 18:16

Lion, didn’t you see Sita’s response to my reply in the other thread? (S)He only asked this question incase other people wanted to know the answer. Y’no, just like I do with all of my questions.

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Replying to atleastisoundknowledgable...:
RLI
By lionofludesch
12th Aug 2019 21:54

Arf, arf.

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Hallerud at Easter
By DJKL
12th Aug 2019 18:19

Inter company recharges may be your friend.

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