Which of the following statements is true? (a) Capital losses may be carried forward and relieved against

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Which of the following statements is true?

(a) Capital losses may be carried forward and relieved against future trading profits.

(b) Trading losses may be carried forward for relief against future chargeable gains.

(d) Capital losses may be relieved against trading profits of the same period.

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Related Book For answer-question

Taxation Finance Act 2021

ISBN: 9781292406725

27th Edition

Authors: Alan Melville

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Question Posted: Feb 02, 2024 06:00 AM

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Which of the following statements is true? (a) Capital losses may be carried forward and relieved against

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Statements a and d are false Statement c is true Statement b is false for trading losses incurred be...View the full answer

Taxation Finance Act 2021

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