Originally posted by password
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It used to be the case that you could offset brought forward losses only against profits of the same trade, however these rules have been relaxed somewhat. Our specialist corporation tax team would be able to discuss in more detail.
I’m a bit confused by the SEIS comment.
1) I’m not sure why a contractor would need funding when expenses are limited.
2) You have to give up some of the company (ordinary shares) thus giving away income you’ve earned.
3) If you need SEIS funding for the startup then typically you would keep businesses separate to avoid complexity and other ownership issues.
Andrew
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