Hi,
I have worked for 11 years as a teacher paying PAYE and left teaching in 2015. At the same time I was running a small unincorporated sole trader business and doing a self assessment return. Last year a formed a small Ltd company and have ploughed most of my money into it to get it off the ground. I am still registered as self employed and I am also required to do a company tax return as well as my self assessment form.
My question is this, I have read that if I am non incorporated I can write any losses off against the previous 3 years' tax paid. Is there any way in which I can write off against my tax previously paid the investment I have made into my Ltd company this year?
Many thanks
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