Trade Transferred Archives - Personal Tax Accountant Services Uk - Tax Advisors Consultant London

October 24, 2022
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Graham Davis – a sole trader – incorporated USL Securities Limited (USL) and sought to claim loss relief under s. 86 ITA 2007 to offset losses generated in his sole trade from income he derived from USL. The FTT found no loss relief was available, as no trade had transferred to USL.