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self-employed class 4 losses

carrying forward self-employed class 4 losses

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17/18 class 4 losses incurred and carried forward - do you have to use against first available s/e profits or can you carry forward until profits sufficient to use?

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Lone Wolf
By Lone_Wolf
15th Nov 2019 11:14

First available profits I'm afraid. Same principles as an income tax loss.

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RLI
By lionofludesch
15th Nov 2019 11:16

Yes - same rules as Income Tax.

But you don't have to claim them in the same way as you use the same loss for Income Tax.

Fair play to you for even spotting that losses can be claimed against Class 4 profits. Frequently overlooked.

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By nick farrow
15th Nov 2019 11:19

thank you Wolf & Lion

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