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Posted Thu, 05 Sep 2024 10:41:13 GMT by Tarek220371 Tarek220371
A company that is not a member of a group has £100k losses b/fwd (after 01/04/17) to offset a £50k profit YE 31/12/23. I understand that the CT600/computations must refer to the Deductions Allowance to offset this in full and avoid a potential 50% restriction even though the losses are well below the £5m Deductions Allowance. Please confirm how this should be entered on the CT600 or elsewhere or it's is just a case of adding specific wording to the tax comp. If the later please provide suitable example wording.
Posted Thu, 12 Sep 2024 09:07:36 GMT by HMRC Admin 13 Response
Hi,
There is a restriction on the total amount of some types of carried forward loss that you can use against your profits. 
To find out more about the restrictions to carry forward trading losses and the restriction to property business losses and how to record these on form CT600 please refer to: 
Carry forward Corporation Tax losses
Thank you
Posted Fri, 13 Sep 2024 14:25:33 GMT by David Barry
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