Business tax – guidance

Corporation Tax technical note: anti-avoidance rule to prevent loss refreshing

Legislation will be introduced in the Finance Bill 2015 to restrict the ability of companies to use tax-motivated arrangements to convert their old carried-forward reliefs into new reliefs that can be used more flexibly.



This restriction will take effect from 18 March 2015 and will only apply to profits arising on or after this date. The technical note provides information on the circumstances and manner in which the proposed legislation will operate.