[CTM05270] CTM05270 – Corporation Tax: restriction on relief for carried-forward losses: example 5: companies with restricted carried-forward capital losses

Company D has an accounting period ending 31 March 2025. In that period its profits and gains are as follows:

•Trading Profits of £12 million

•Property business profits of £4 million

•Chargeable gains of £10 million

Its in-year reliefs (CTM05060) are:

•Non-trading loan relationship deficits (NTLRDs) of £1 million

The company also has capital losses arising during the AP of £1 million.

The company's carried-forward losses at the beginning of the period are:

•Pre-1 April 2017 trading losses of £9 million

•Pre-1 April 2017 NTLRDs of £1 million

•Pre-1 April 2020 capital losses of £11 million

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