Tax return: losses for 2012-13

NinkyNonk_2

I made a loss in 2011-12. Is there anything on this years tax return to say that I wish to carry this loss into 2012-13? Or do I say this on next tax years tax return?
Thanks!

pooch

NinkyNonk wrote: »

I made a loss in 2011-12. Is there anything on this years tax return to say that I wish to carry this loss into 2012-13? Or do I say this on next tax years tax return?
Thanks!

Yes I believe there is the facility to carry forward losses.

Look for a box that says something like

Loss to carry forward to following year, including

unused losses brought forward

http://www.hmrc.gov.uk/helpsheets/hs227.pdf

NinkyNonk_2

Thanks! I think I've got it... Under the losses section there's a box and to the left of it, it says Total loss to carry forward after all other set offs including unused losses brought forward.

Since this is my first year and I made a loss of £200, I have put £200 in that box.
Thank you! :beer: