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Posted Tue, 03 Jan 2023 11:17:58 GMT by eleanorgibson
In my first year of trading I made a loss but was also employed and had paid tax through PAYE. I claimed a tax rebate by setting the loss off against my earnings for emplyment. Does this mean that the loss from this year is now used up and cannot be carried forward?
Posted Fri, 06 Jan 2023 16:02:09 GMT by HMRC Admin 32

If all of the loss was set against other general income, then there in no remaining loss to carry forward.

Thank you.

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