HMRC internal manual

Company Taxation Manual

Corporation Tax: trading losses: general: reliefs available

You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals.

Reliefs available are

  • carry forward of trading losses against future trading income from the same trade (CTM04100+),
  • set-off of trading losses against total profits of the current and previous accounting periods (CTM04500+),
  • group relief (CTM80100+).