Commentary

D9.523 Relief for losses

Corporate tax
Corporate tax | Commentary

D9.523 Relief for losses

Corporate tax | Commentary

D9.523 Relief for losses

A claim may be made for a loss incurred on the disposal of a strip (this can include a deemed disposal on 5 April in any tax year, see D9.521). A loss is incurred if the amount received for the disposal is less than the amount paid for the strip (which could be the value at which it was deemed to have been acquired at the previous 5 April). Incidental expenses incurred in connection with the acquisition or disposal are ignored1.

A claim for the loss must be made by the person making the disposal within 12

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