Policy paper

Changes to the Corporate Capital Loss Restriction for Corporation Tax from 1 April 2020

This Tax Information and Impact Note is about new rules for the Corporate Tax Corporate Capital Loss Restriction from 1 April 2020.

• From: HM Revenue & Customs
• Published: 11 March 2020

Documents

Changes to the Corporate Capital Loss Restriction for Corporation Tax from 1 April 2020

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Details

This measure introduces a restriction for carried-forward capital losses.

For accounting periods ending on or after 1 April 2020 companies making chargeable gains will only be able to offset up to 50% of those gains using carried-forward (allowable) capital losses.

Published 11 March 2020