Test yourself Question 1 of 6 Question 1 of 6
An SRL trading for ten years has past losses of 200,000 euros and income of 50,000 euros. How much income can it offset?
50,000 euros 40,000 euros 25,000 euros Nothing
Question 2 of 6 Question 2 of 6
What happens to the part of a loss that does not fit within the yearly cap?
It is lost It is carried forward to later years It becomes a tax credit It is refunded
Question 3 of 6 Question 3 of 6
Which losses offset the whole of taxable income, without the 80% cap?
All losses of small businesses Losses from the first three tax periods, if they relate to a new productive activity Losses from the last three years None
Question 4 of 6 Question 4 of 6
Can a sole trader use the business loss to reduce employment income?
Yes, always Yes, within 80% No, the loss is offset against business income of the same kind Only in the first year
Question 5 of 6 Question 5 of 6
In an SAS, who receives the part of the loss that exceeds the partnership capital?
All partners by share The general partners only The limited partners only Nobody
Question 6 of 6 Question 6 of 6
A company with a 30,000-euro loss received 6,000 euros of exempt income not covered by article 87, with no related non-deductible costs. What loss can it carry forward?
30,000 euros 36,000 euros 24,000 euros 6,000 euros
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