Documents related to 'Unincorporated business trading loss relief claim'
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Property rental business loss relief claimIndividuals, including members of business partnerships, can claim a deduction in the tax liability on general income where their property rental business has made a loss and all or part of that loss results ... Read more
11 Jun 2019
Pre-incorporation losses claimIf an unincorporated business is transferred to a company and at the time it has losses, the business owner can, subject to conditions, claim relief for them against income they receive from the company. Incorporation... Read more
09 Oct 2018
Claim for a capital loss for an irrecoverable loan to a traderIf you made a loan to a business which it cannot repay, the amount remaining outstanding may be treated as a capital loss. HMRC requires conditions to be met before it will accept the loss... Read more
24 Sep 2009
Tax deduction from benefits in kind claimWhere an employee is taxable on a benefit in kind resulting from the use of an asset owned by their employer and they partly use the asset for business purposes, the employee is entitled to claim a deduction f... Read more
15 Apr 2020
Trading allowance claim for partial reliefThe trading allowance is a fixed tax deduction given automatically against miscellaneous or trading income if it is no more than £1,000 in total during the tax year. Where income exceeds £1,000, the t... Read more
16 Nov 2022
Claim to carry back company trading lossWhen your company makes a loss the amount is carried forward by default and will be used to offset total profits in the future. Use our claim to get immediate relief for company trading losses.CompaniesThere ar... Read more
09 Oct 2018
Deduction for deemed employment paymentsA company can claim a deduction from its taxable profits in respect of the notional cost of a deemed payment of salary made for the purposes of IR35. The deduction is allowable for the accounting period in whic... Read more
24 Mar 2017
IR35 - prevention of double taxation claimAn individual can claim a deduction from their taxable income where it includes a deemed payment of salary under the IR35 rules and the same income, or part of it, is in the same or a later year, taxable as d... Read more
19 Jan 2018
Claim for special reliefIf you fail to submit a tax return HMRC may estimate the tax payable and notify you of this on determination notice. The tax determined cannot be appealed against and is legally enforceable. The only way to overturn the deter... Read more
04 Jan 2017
Overpayment relief claim If you discover a mistake in your tax return which resulted in your tax bill being too high, and it's too late to correct your self-assessment tax return, you can make an overpayment relief claim. The claim must include the ... Read more
19 Jan 2018
