| Commentary

23.4 Loss relief

| Commentary

23.4 Loss relief

When a company computes its total profits for a particular accounting period it will include the total amount of chargeable gains for that period less any allowable capital losses arising in the same period1. In so far as such losses remain unrelieved, they will be carried forward and set off against the first available chargeable gains in subsequent accounting periods2.

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial