Leaver

Thanks Admin 17 - however I am not querying Tax losses on disposal of shares. My partnership (my wife and I) wasselling products retail after obtaining them from a wholesaler for whom we were a distributor. This small 'hobby' business petered out over the last few years and we ceased trading 5/4/2022. We are left with a relatively small amount of unsold stock which is now considered a 'write-off'. Can we claim the wholesale cost of this written-off stock in our final accounts to 5/4/22 so that it reflects in our final profit/ loss position. How exactly would we do this - is it an 'allowable expense'?

"How do I treat unsold stock in my final tax return after ceasing trading? Presumably I am entitled to tax relief on the cost value of this stock."