Commentary

D8.361 Set-off of loss relief

Corporate tax
Corporate tax | Commentary

D8.361 Set-off of loss relief

Corporate tax | Commentary

D8.361 Set-off of loss relief

Where a claim for loss relief is accepted, the loss is relieved against income for the accounting period in which the disposal was made. Any excess relief may be carried back to periods ending in the preceding 12 months1. Having made the claim, the investing company may reduce its income for any of the relevant accounting periods by the loss and may carry forward any excess. However, where two or more losses are relieved, a loss arising from an earlier disposal is relieved before one arising from a later disposal2. When the relief is carried

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