hi I have a ltd company, havent traded since establishment of 2016, up to day £11,000 costs occured and had been carried on the company accounts. It was originally planned as a furniture company. I am planning to strike it off and set up a ltd company on my name to do marketing consultancy. My accountant says I should keep the company so I can deduct my taxes from the £11,000 loss carried loss. Can I do this keeping the ltd company, the costs occurred related to a furniture website, accountancy, company phone number(no furniture was bough or sold, investors pulled out so there was no direct cost related to furniture purchases). Where as I am moving into consultancy; a completely different line of business. I don't know when I will start making money from the consultancy business. It will cost me £30-40 to set up a new company rather then paying £200 for company account filing to company house. What should I do? Many thanks.
24th Sep 2021
Should I strike my ltd company off with loss?
Can I deduct the losses from tax from previous years to a new business with the same company name?
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