Jersey:
Taxation In Jersey - Relief for Trading Losses
26 March 1999
KPMG
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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.
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