Personal Trading Losses (Paperback)

Primarily for the use of practising accountants in advising their clients, this manual provides guidance through the complex area of personal trading losses. Almost every practising accountant has clients who have sustained significant personal trading losses. This is especially true in competitive markets, during recesssions and periods when high interests rates are charged. The law and practice in this area is often unclear, and this book shows, through many worked examples, the potential problems of loss relief. Using losses is difficult because there are frequently several available reliefs. The author offers guidance in determining the best relief, with checklists of planning and compliance points.