Relief

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August 31, 2024 4 min read Definitions

Debt Relief: Reduction or Cancellation of Debt Obligations

Economics Finance Debt Finance Economics Relief Obligations

An in-depth analysis of debt relief, its historical context, types, key events, importance, applicability, and related terms.

August 31, 2024 4 min read Definitions

Terminal-Loss Relief: Relief for Business Losses in Final Trading Period

Finance Accounting Taxation Business Relief Losses Trading

Terminal-Loss Relief provides financial relief for losses made during the final 12 months of trading for businesses that are permanently discontinued. It allows the trading loss in the final accounting period to be carried back and offset against the profits of the three years preceding the final period of trading.