A bloodstock breeder may avail himself of the following reliefs:

1relief for losses in the early years of a trade whereby losses incurred in the first four years of trading may be carried back three years, taking the earlier year first (ITA 2007, s. 72: see ¶260-600ff.);

2the set-off of losses against general income (ITA 2007, s. 64(2): see ¶260-100ff.);

3the carry-forward of losses against future profits of the same trade (ITA 2007, s. 83: see ¶261-500ff.);

4terminal loss relief (ITA 2007, s. 89: see ¶262-000ff.).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.