Jersey:
Taxation In Jersey - Relief for Trading Losses
26 March 1999
KPMG
To print this article, all you need is to be registered or login on Mondaq.com.
Trading losses may be relieved against the aggregate amount of income for the year to which the losses are referable. This results in the ability to carry back the loss for one year. Alternatively trading losses may be carried back effectively two years and set against trading profits. In addition relief is available against future trading profits without time limit.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information contact Jonathan G. Hooley on Tel (indirect line): + 44 (0) 1481 721000, Tel (direct line): +44 (0) 1481 719544, Fax: +44 (0) 1481 722373.
Awatif Mohammad Shoqi Advocates & Legal Consultancy
In a remarkable development aimed at stimulating auditing standards and introducing greater confidence in business practices, the UAE has introduced the New Federal Decree-Law No. 41/2023 ...
On 09 June 2022, the Cyprus House of Representatives approved amendments to the Companies Law and to the Assessment and Collection of Taxes Law. Amendment aimed at simplifying...
I can not remember when the last time was there were such big developments in the Audit profession in Cyprus, besides of course the regular changes of the IFRs.
Many funds and similar entities will be exempted from consolidating controlled investees under amendments to IFRS 10 ‘Consolidated financial statements’.
Many insurance companies are in the process of finalising their first set of annual financial statements applying IFRS 17 ‘Insurance contracts' for their 2023 reports.
FREE News Alerts
Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email.