Commentary

D7.320 Restriction on carry forward of certain expenses and losses

Corporate tax
Corporate tax | Commentary

D7.320 Restriction on carry forward of certain expenses and losses

Corporate tax | Commentary

D7.320 Restriction on carry forward of certain expenses and losses

There may be a restriction on the carry forward of surplus management expenses where there is a change of ownership of a company with investment business1. The rules are similar to, but not identical with, the rules restricting carry forward of trading losses (see D1.1126) and losses of a property business (see B6.203) on a change of ownership of the company concerned.

The carry forward of excess management expenses and qualifying charitable donations is restricted where there is a change of ownership and2:

  1.  

    (a)     after the change there is a significant

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