Corporate capital loss restriction for Corporation Tax
This measure introduces corporate capital loss restriction rules for chargeable gains accruing on or after 1 April 2020 for companies chargeable to Corporation Tax.
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Companies who accrue chargeable gains will only be able to offset up to 50% of those gains using carried-forward allowable (capital) losses for accounting periods ending on or after 1 April 2020.
Read the ‘Corporate Capital Loss Restriction’ consultation and summary of responses.