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taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 4983
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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Can a capital loss in in one year in a company be used to

Customer Question

Can a capital loss in in one year in a company be used to offset a capital gain the following year
Submitted: 1 year ago.
Category: Tax
Expert:  taxadvisor.uk replied 1 year ago.

Thank you for your question..

For companies, any unrelieved capital losses are carried forward and set against chargeable gains in future accounting periods.

More information on this can also be found under capital losses here

http://www.accaglobal.com/uk/en/technical-activities/technical-resources-search/2014/january/corporation-tax-losses.html#Capital-losses

https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg40230

I hope this is helpful and answers your question.

If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.

Expert:  taxadvisor.uk replied 1 year ago.

Hi there

Just checking to see if you got all the information you wanted or do you need any more clarity.

Many thanks