Commentary

D7.474 BLAGAB trade loss—Non-trading deficits

Corporate tax
Corporate tax | Commentary

D7.474 BLAGAB trade loss—Non-trading deficits

Corporate tax | Commentary

D7.474 BLAGAB trade loss—Non-trading deficits

The rules in this division apply for accounting periods beginning on or after 1 January 2013. For accounting periods beginning before 1 January 2013 see Division D7.5.

There is a restriction on the amount of BLAGAB trade loss available for offset against total profits or surrender as group relief or, for accounting periods beginning on or after 1 April 2017, to be carried forward and set against total profits or surrendered as group relief by reference to the amount of any non-trading deficit under the loan relationship or derivative rules referable to the company's BLAGAB, ignoring

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