Changes to the Corporate Capital Loss Restriction for Corporation Tax from 1 April 2020
This Tax Information and Impact Note is about new rules for the Corporate Tax Corporate Capital Loss Restriction from 1 April 2020.
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This measure introduces a restriction for carried-forward capital losses.
For accounting periods ending on or after 1 April 2020 companies making chargeable gains will only be able to offset up to 50% of those gains using carried-forward (allowable) capital losses.