 |
 |
|
|
It may be possible to obtain relief for Pre-incorporation Losses if:
there are carried forward losses from a business to go against future profits
a business is transferred to a company before the utilisation of all losses
received, solely or mainly, shares in the company in exchange for the transfer of business
the beneficial owner of the shares and the company has carried on business throughout the year (or from the date of transfer to 5 April), then any remaining losses may be set against income from the company
Description - enter the description of the pre-incorporation loss.
Date loss arose - enter the date the loss arose
Amount - enter the amount being claimed
Pre-incorporation losses are uncapped and will not be shown in the ‘Capped Allowable Trading Losses and Reliefs’ report.
