Commentary

D1.1108A Carry forward relief for trading losses—examples

Corporate tax
Corporate tax | Commentary

D1.1108A Carry forward relief for trading losses—examples

Corporate tax | Commentary

D1.1108A Carry forward relief for trading losses—examples

The examples below illustrate the corporate tax relief for trading losses carried forward post April 2017 (see D1.1106) and pre 1 April 2017 (see D1.1108).

Example 1—post April 2017 trading losses carried forward

A Ltd makes up accounts to 31 March and the relevant figures are:

Year to 31 March
2018
£
2019
£
2020
£
Trading profit /(loss)(500,000)100,000600,000
Chargeable gain8,00020,000
Qualifying charitable donations7,0005,0004,000

Assuming that the 50% loss restriction does not apply to the company (see D1.1108B) the loss is utilised as follows:

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