SA100 : How do I add self employed losses from a previous tax year to my tax return?
1. When on the self employed page please click EDIT
2. In the new popup please scroll down the page until you see 'losses from previous year'. Enter the total losses available to this box and then save.
This will add the losses to your tax return and if you have made a profit in this year automatically offset these available losses against the profits to reduce you tax bill.
SA103 : Self-Employed-Expenses-What-Can-I-Claim
What types of expenses are there? Capital - This is the cost of buying, creating or improving a business asset, used to increase profit. The cost of buying a van for your business would be capital expenditure. Other examples include buying machinery, ...
SA105 : How do I add property losses brought forward from previous tax years?
You can add losses brought forward on the property EDIT page. To access this please: 1. Click on the Property (SA105) page, when it changes colour to blue then click EDIT On the new page then updated the box for losses. Once saved the software will ...
SA108 : Can I set off income losses against Gains?
Put the amount of any allowable trading losses that you want to set against chargeable gains in box 16. This should be the lower of: • the total losses you can claim • the amount required (after setting off capital losses for the year) to reduce the ...
SA109: How do I claim split year treatment?
How do I claim split year treatment? To include split year treatment claim on your tax return, follow the instructions below. Please note, you should pay attention to the other questions on this page not covered in this guide, these are different for ...
If your business makes a loss you can get tax relief for it. You can do this by setting the loss against your income, gains or profits. This applies to Self-Employed and Property Rental trades. income for the current or previous year income in the ...