I have just taken on a new client and in reveiwing their last two CT returns, I believe they maybe incorrect. The info is as follows:
Trade Loss of £50k C/Fwd (all post April 17)
Non trade loan relationship deficit C/Fwd (£10k) relates to Director loan w/Off
Further small trade loss made resulting in C/Fwd trade losses of £55k at end of year
Connected party loan write off (non trade profits) £100k
The comp shows tax due on the £100k at 19% but they havent utilised the b/fwd trade losses or non trade loan deficits b/fwd which I thought was now possible? Or is the issue that the NTP's relate to a connected co loan write off?