I hoping someone can quickly give me an answer to this please. Although I’ve been doing self assessment returns for a few years now, I’ve had a mental block and need clarification that I do carry forward any profit (or loss) from my previous tax year to my current tax year. It makes sense that I do, but I’ve searched online and through HMRC and nothing is jumping out as black and white to actually answer my question.
I suddenly noticed, having sent in my figures online, that I hadn’t carired forward my previous profit so I’ve just gone back in an updated my return. That’s when it got me thinking and searching to make sure I’ve done it correclty.
Thanks for looking.