[CTM04940] CTM04940 – Corporation tax: CT loss reform: commencement: example 4: company makes overall profit in the AP straddling 1 April 2017: carried-forward losses relieved in the period

Before reading this example, refresh the note concerning examples at CTM04900, which sets out the key assumptions made.

If there are carried-forward losses that can be used in the straddling accounting period, it is necessary to apportion profits, losses and deductions into the two pre- and post-1 April 2017 periods in order to calculate the amount of losses that may be allowed in the straddling period overall, and the amount of any pre- and post-1 April 2017 losses available to carry forward from that accounting period.

Example

In its accounting period from 1 January 2017 to 31 December 2017, Company D has:

•Non-trade profits of £2,500,000,

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