½Û×ÓÊÓƵ

A company may incur any of the following losses:

1. •

   trading losses

2. •

   non-trading loan relationship losses

3. •

   non-trading losses on intangible fixed assets

4. •

   property losses

These losses are generally able to be offset against certain profits either in the year the loss was incurred, previous or future years. The rules governing such offset are similar for each loss source but there are nuances and claim requirements that differ depending upon the source of the loss. A summary of corporation tax losses and the ways in which they can be used is set out in Loss matrix― corporation tax losses.

From 1 April 2017, the loss carry forward rules were relaxed to allow carried forward losses to be offset against future total profits of a company. Prior to 1 April 2017, many losses brought forward had to be streamed in that if they were trading