Companies are charged to corporation tax on the sum of their income and chargeable gains (CTA 2009, s. 2(1) and (2)). However, losses from chargeable sources are not simply included in that process of aggregation so as to reduce chargeable profits. Each source of loss is subject to specific corporation tax provisions.

Links to detailed content

¶730-150 - Trading losses

¶717-150 - Loan relationship non-trading deficits (LRNTD)

¶723-500 - Intangible fixed assets non-trading losses (IFANTL)

¶713-150 - Expenses of management of a company with investment business

¶753-150 - Chargeable gains regime losses

¶735-000 - Group relief

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