Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
, see all updates

Administration: introduction: losses

The deduction of losses from gains is subject to restriction in the case of a`pre-entry loss’, TCGA92/S184A – F and TCGA92/SCH7A. A pre-entry loss is a realisedloss which a company brings into a group, or the pre-entry proportion of the loss on anasset which a company brings into a group. Detailed instructions are at CG47000+.

Note: Additional rules placing a restriction on a company’s allowable losses wereenacted in FA 2006. See CG47020+ for guidance on the rules which apply to losses whichaccrue on or after 5 December 2005.