8.3.1 How relief is given

Under CTA 2010, s. 37, a company can set off a trading loss it makes in an AP against its ‘total profits’ of the same AP and previous ones, or it can group relieve the loss to another group company if it is a member of a group (see Chapter 13). ‘Total profits’ includes a company’s chargeable capital gains (s. 4(3)).

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