sparklydog08 Hind
Joined: 5/20/2023
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loss carried forward and personal allowance reduction
I am employed and self-employed. I have just logged into my personal tax account to check a few things, and seen that my personal allowance for this year has been reduced. The only thing I can think of is that for my last self-assessment tax return, I have carried forward a loss. The reduction in my personal allowance is similar to the amount of loss I'm carrying forward. I don't understand why this would be. Is there actually a link or just coincidence?