Partnership Full/Short 10 - Loss to be carried back to previous year or years and set-off against income

You can carry losses back to use against:

• income for the tax year 6 April 2019 to 5 April 2020. If your loss is more than the income you can use the remaining loss against the tax year 6 April 2019 to 5 April 2020 capital gains

Do not make this claim if you use cash basis:

• income in the 3 previous years. Starting with the earliest year

Only make this claim if your business began after 5 April 2017.

Do not make this claim if you use cash basis:

• profits of this business in the tax year 6 April 2020 to 5 April 2021 and in the 3 previous years. Start with the latest year. Only make this claim if your business ceased this year. The losses you can claim are the losses made in the last 12 months of trade

You'll also need to provide us details of the amount claimed for each year in the 'Any other information' section. If you use cash basis you can only claim for terminal loss relief.

The time limit for claiming is 31 January 2023.