Add Overlap Relief on Untaxed Investment Income
Overlap relief is claimed when basis periods overlap. This results in the same profits being taxable in two different years. Overlap relief deducts the overlap profits in a later tax year, so that over the life of the business, the taxpayer does not pay more than the required tax on the profit earned.
Overlap relief - Untaxed Investment Income Tab
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In Overlap profit brought forward, enter any unused overlap profit brought forward.
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Complete Overlap relief used this year.
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Click Saved.