CTM04100 - Company Taxation Manual - HMRC internal manual - GOV.UK
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HMRC internal manual
Company Taxation Manual
Published:
16 April 2016
30 July 2018,
Corporation Tax: trading losses: general: relief for losses carried forward: summary
CTA10/S45, CTA10/S137(7)
The loss available for carry-forward is:
the loss sustained,
any part of that amount for which relief has been allowed under CTA10/S37 (+) or surrendered as group relief (+).
For accounting periods ending on or after 30 September 1993 a company does not have to make a claim to carry forward trade losses for set-off against future trading income of the same trade.
Relief is given against available trading income of subsequent accounting periods:
in order, and
without omission.
about the finality of loss figures and
about losses of a trading company going into partnership.
onwards about the disallowance under CTA10/S673 of trading losses following a change in ownership of a company.
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