Loss reliefs

Loss reliefs

A company within the charge to corporation tax can have any of the following types of losses:

•
trading losses
•
property losses
•
non-trading loan relationship losses
•
non-trading losses on intangible fixed assets, and
•
capital losses

To the extent they are relevant a company must also consider qualifying charitable donations and excess management expenses, which, whilst not actually losses, are treated in a similar way to losses. For more on these, see Practice Note: Qualifying charitable donations and excess management expenses.

A company which forms part of a loss relief group or consortium may also be able to surrender certain losses to a member of that group or consortium, for which, see: Corporation tax group relief—overview.

With effect from 1 April 2017, the use of carried-forward losses is subject to the corporate income loss restriction (see below). For specific information on carried-forward losses, see Practice Note: Corporation tax loss relief for carried-forward losses.

For a table summarising how a company can obtain relief for its corporation tax losses, see Practice Note: Corporation tax loss relief—comparative table.

Trading losses

A company

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