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Company Closedown / Case 1 losses

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    Company Closedown / Case 1 losses

    I am closing my company down and have case 1 losses (about 8k)

    Will I be able to set case 1 losses against previous profits?

    e.g. can I expect a tax rebate?

    Still waiting for confirmation from Revenue re closedown

    #2
    Trading Losses

    A company's trading losses can normally be set against:

    1. Income and gains of the same accounting period.
    2. Income and gains of the previous year.
    3. Trading profits from the same trade in future years.

    Losses of the final 12 months of a trade can be carried back three years.

    Losses are set against more recent periods before earlier periods.

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