Commentary

D7.5140 Trading losses

Corporate tax
Corporate tax | Commentary

D7.5140 Trading losses

Corporate tax | Commentary

D7.5140 Trading losses

The rules in this division apply for accounting periods beginning before 1 January 2013. For accounting periods beginning on or after 1 January 2013 see Division D7.4.

Trading losses are relievable against a company's taxable trading profits, not the investment return attributable to policy holders, and for that reason may not be set against the policy holders' share of relevant profits1.

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