Non-trading deficit: Difference between revisions
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imported>Doug Williamson (NEW ENTRY - Align with The Treasurer, Qualifications feature, December 2014) |
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Latest revision as of 11:01, 18 October 2014
UK tax.
For UK tax purposes, non-trading deficits include all debits arising from non-trading loan relationships.
Debits include all expenses, costs and losses, for example interest payable.
A non-trading deficit is where a company incurs net debits arising on non-trading loans.
Non-trading deficits may be offset against total taxable profits for the year.
