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  • 1,500+ Business Documents - Unincorporated business trading loss relief claim
    Unincorporated business trading loss relief claimIf you've made a loss in your sole trade or partnership, you can claim relief for it against tax payable on your other income for that year or the year before. If any loss remains you can claim relief against your capital gains in the year of the loss or the previous year.Trading lossesYou can't offset capital losses against your general income in a tax year. However, you can reduce your capital gains by offsetting sole trader or partnership trading losses which...
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