Current year property losses being utilised by current year trading profits
- Article ID
- ias-9609
- Article Name
- Current year property losses being utilised by current year trading profits
- Created Date
- 14th March 2011
- Product
- IRIS Business Tax
- Problem
- Why are my current year Property losses (Schedule A) being utilised by current year Trading profits (Schedule D1)?
- Resolution
- Schedule A property losses must, first of all be set off against the company’s total profits for the accounting period. – The losses will be entered into box 26 on the full CT600 – In compliance with S392A (1) ICTA 1988
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