When a trading loss is incurred by an entity, the entity may be able to...

CIMA F1 Question Answer

When a trading loss is incurred by an entity, the entity may be able to claim loss relief. The way in which loss relief is claimed vanes from country to country.

Which of the following is NOT normally a way of claiming loss relief for a trading loss?

Offset The trading loss against its trading profits in future periods

Offset the trading loss against capital gams in previous periods

Offset the trading loss against group entity profits.

Carry the trading loss backwards against trading profits in previous periods.

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CIMA F1 Summary

Vendor: CIMA
Product: F1
Update on: Sep 17, 2025
Questions: 248

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When a trading loss is incurred by an entity, the entity may be able to...

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