Pre-1 April 2017 losses

Pre-1 April 2017 property business losses may be relieved, subject to qualifying conditions and the general restriction on profits against which carried forward profits may be relieved (¶730-850):

(1)optionally, by way of group relief surrender in respect of the loss-making period (¶738-000);

(2)mandatorily, against current period total profits of the same company (to the extent not relieved under (1) above); and

(3)mandatorily, against later period total profits of the same company (to the extent not relieved under (1) and (2) above).

(CTA 2010, s. 62).

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