terminal-loss relief

terminal-loss relief
Relief for a loss made by a company, partnership, or sole trader during the last 12 months of trading. The business or profession must be permanently discontinued. The trading loss arising in the accounting period in which the trade ceases may be carried back and offset against the profits of the three years ending immediately before the commencement of the final period of trading.

Accounting dictionary. 2014.

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  • terminal-loss relief — Relief for a loss made by a company, partnership, or sole trader during the last 12 months of trading. The business or profession must be permanently discontinued. For partnerships and sole traders, the loss of the last 12 months can be set… …   Big dictionary of business and management

  • loss reliefs — Relief available to sole traders, partnerships, and companies making losses, as adjusted for tax purposes. Capital allowances can create a trading loss or can enhance it. Trading losses can be carried forward to set against future trading profits …   Accounting dictionary

  • loss reliefs — Relief available to sole traders, partnerships, and companies making losses, as adjusted for tax purposes. Capital allowances can create a trading loss or can enhance it. Trading losses can be carried forward to set against future trading profits …   Big dictionary of business and management

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  • ФИНАЛЬНАЯ НАЛОГОВАЯ СКИДКА НА УБЫТОК — (terminal loss relief) Налоговый убыток, понесенный предприятием в год его закрытия, который может быть отнесен на прошлые годы и вычтен из прибыли прошлых лет. Финансы. Толковый словарь. 2 е изд. М.: ИНФРА М , Издательство Весь Мир . Брайен… …   Финансовый словарь

  • финальная налоговая скидка на убыток — Налоговый убыток, понесенный предприятием в год его закрытия, который может быть отнесен на прошлые годы и вычтен из прибыли прошлых лет. [http://www.vocable.ru/dictionary/533/symbol/97] Тематики финансы EN terminal loss relief …   Справочник технического переводчика

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