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Thread: OT(ish): what exactly is a "pre tax loss"
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Old Feb 5, 2010 | 3:57 am
  #4  
KenJohn
 
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Tax losses can be carried forwards to future years and reduce the tax payable. This means you can effective record a negative tax charge (ie a tax rebate) to reduce the overall deduction you make to your reserves for the loss.
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