Corporation Tax Loss Relief
Loss planning is crucial for your business and clients. Get to grips with types of losses, the process and complexities involved in receiving loss relief, and the significant reforms to the treatment of carried-forward losses and corporate capital losses.
£150 +VAT
Corporation Tax Loss Relief
£150 +VAT
365 days’ access
Corporation Tax Loss Relief
This course is not currently available. To find out more, please get in touch.
This course will enable you to
- Understand common types of losses and why effective loss planning is crucial for your clients
- Get up to date with the changes introduced by corporate income loss restriction (CILR) and corporate capital loss restriction (CCLR)
- Consider the pre-CILR loss relief provisions
- Get to grips with the complexities involved with CILR and CCLR
About the course
Corporation tax loss relief is a complex area. Not only do you have to contend with numerous types of losses such as trading and capital, but you also need to be familiar with the different rules and restrictions regarding these reliefs.
This course offers a detailed guide to the corporation tax loss regime and looks at why loss planning is crucial for your businesses and clients. Get to grips with types of losses, the process and complexities involved in receiving the relief, and the significant reforms to the treatment of carried-forward losses and corporate capital losses.
Please Note: This course only covers the United Kingdom tax system
Contents
Understanding corporation tax losses
Loss relief
Trading losses
Non-trading loan relationship deficits
Property losses
Management expenses
Winning and losing
Capital losses
The importance of record keeping
Receiving relief
Corporate income loss restriction
Utilising loss
Corporate capital loss restriction
Change in company ownership
TAAR
Old rules
Trading losses
Learning the rules
Pre-2017 non-trading loan relationship deficits
Property losses
Expenses of management
Capital losses
Priority of losses
New rules
Post-April 2017 trading losses
Terminal loss relief
Going forward
Post-April 2017 non-trading loan relationship deficits
Other losses
The deductions allowance
Author
Lucy Webb
Lucy is a chartered accountant (ACA) and chartered tax adviser (CTA). She gained her experience in practice at Deloitte, working for multinational clients as well as clients within the asset management industry.
4 reviews for Corporation Tax Loss Relief
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Rob Vaughan –
Good refresher and a reminder to check the rules whenever dealing with losses
Blanca Torres Diaz –
Very informative
Paulina Gorniak –
It is disappointing that we focus so much on what happened 6 years ago and do not give examples of recent changes affecting groups.
Stuart Lynn –
losses with covid are more likely for client companies and 3 year carry back extension is welcome