Income tax losses 03 - Relief now for 2021 to 2022 trading

Enter the amount of the 6 April 2021 to 5 April 2022 trading, or possibly certain capital, losses you are claiming relief for.

The general rule is that the claim relates to the later tax year, 6 April 2021 to 5 April 2022, not the earlier tax year in which the loss is to be relieved, for example, 6 April 2020 to 5 April 2021. The amount of the relief will be calculated by reference to the earlier tax year and will usually be set against other tax due or repaid as appropriate.

If you are making a claim, make sure you complete the '2021-22 repayment you are claiming now' box in the 'Adjustment to tax due' section of this return.