Hello everyone, Just a Corporation Tax query I would like to float. My scenario: FRIST YEAR Profit and Loss = + £4000 Money spent on Equipment (Fixed assets) = £9000 Question: 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. Best, Paul
