Making Effective Use of Business Tax Losses with Robert Jamieson

Introduction

This new virtual classroom seminar examines, with the help of a multiplicity of illustrations, the rules relating to trading losses made by unincorporated businesses.

Recent changes to the legislation are highlighted (e.g. the expansion of the cash basis in FA 2024). The impact of the cap on unlimited income tax reliefs is also explored.

The session is suitable for practitioners with unincorporated clients who have incurred trading losses (especially following the COVID-19 pandemic).

What You Will Learn

This live and interactive course will cover the following:

• Review of the options
• Losses for established businesses
• Relief for capital gains
• Restrictions on sideways loss relief
• The FA 2021 extension
• Maximisation of extended loss carry-back relief
• The expansion of the cash basis in FA 2024
• Impact of cap on unlimited income tax reliefs
• Terminal losses
• Loss relief in opening years
• Pre-trading expenditure
• Meaning of ‘same trade’
• Share loss relief

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.