Thank you but with the £50,000 cap on losses from 2013/14 are the carry backs restricted to this figure ?
I'm a little confused I'm afraid.
The help sheet you quote says trading losses of 2013/14 are carried back to a year before 2013/14 the limit does apply and is capped at £50k except for capital losses. However the your answer says the £50k limit does not apply ?
Also is this for only one year ? could losses from new trade in 2013/14 be carried back for 3 years ?