Corporate capital loss restriction

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The government will legislate in the Finance Bill 2019/20 to restrict companies’ use of carried-forward capital losses to 50% of capital gains from 1 April 2020. The provisions will include an allowance that permits companies unrestricted use of up to £5m capital or income losses each year, meaning that 99% of companies will be financially unaffected. A consultation paper was published on 29 October 2018 and draft legislation will be published in summer 2019. An anti-forestalling measure to support this change will have effect on and after 29 October 2018.

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Added By: Sue Taylor on 01st Nov 2018 - 13:56
Number of Views: 66
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