UK Aia question

Feb 21, 2012
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Hello everyone,

Just a Corporation Tax query I would like to float.

My scenario:

Profit and Loss = + £4000
Money spent on Equipment (Fixed assets) = £9000

I can claim Annual investment allowance on the purchased equipment, a potential for £9000 tax relief.
However I only made £4000, meaning £5000 tax relief is unused.
How do I go about claiming that tax relief? Is it lost? Or can it be calculated in the following years return?

I know the number one response is likely to be....GET AN ACCOUNTANT....but any help would be greatly received.



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