Originally Posted by
handmadeblanks
So, for example, let’s say your company starts out with an initial capital of £10,000 and you make £5000 in sales but you have £15,000 in expenses. Your company has made a loss of £10,000. However, it can still be considered solvent because it has £0 liabilities. That £10,000 loss cannot be deducted from your personal income tax or any other source of income outside of the company structure. You are entitled to carry the loss forward against future income of the company.
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