Where to enter Brought forward Losses on Tax Return...?

gsnelli

Hi,

I hope someone can point me in the right direction about where I enter 'carried forward business losses' from 2005-2006 tax year into 2006-2007 return.

My situation is that I've got a businss loss of £ 12,733.00 {tax year 2005-2006} that I set to carry forward in last years return. Which box or where do I enter this on 2006-2007 return so that I can take advantage of this loss... ??

TaxCalc 2007 has correctly migrated this loss from TaxCalc 2006's return but I knotice that the calculated tax does not take this loss into account - and given that I'm running with a tax return payment to Gordon B. of over £14K on 2007's return I'd really like to make use of this

Thanks in advance.

nealnomoney

Box 3.88 on your 2006/07 SA103 (Self Employment Pages)

gsnelli

Hi NealNoMoney,

Many thanks !