9.3.1 Relief in the same accounting period of the loss

If a non-trading loss is made (because the non-trading debits exceed the non-trading credits for the AP), the loss can, if claimed, be set wholly or partly against the company’s total profits for the same AP.

Once the total profits of the AP have been extinguished in full, the excess loss can be group relieved (see Chapter 13).

Any unrelieved balance is automatically carried forward and, depending on the date the loss arose, is relieved as per 9.3.2 or 9.3.3 below. The rules are summarised at 9.3.4 below.


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