Related Commentary  

95(1)  A company's carry-forward losses as at the end of an accounting period are as follows.

Type 1

Losses of the company to be carried forward under section 45, 45A, 45B, 62 or 66 to the next accounting period.

These include losses to be treated as expenses of management of the company under section 63 for the next accounting period.

Type 2

Any excess of the company to be carried forward for deduction to the next accounting period under section 1223(3) of CTA 2009.

Type 3

Any excess of the company to be carried forward for deduction to the next accounting period under section 260(2) of CAA 2001.

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