Carry forward of expenses

Management expenses, qualifying charitable donations and amounts brought forward as management expenses that are not relieved in full in the accounting period in which they arise are carried forward and are treated as management expenses of the next accounting period. Excess management expenses cannot be carried back.

Amounts brought forward as management expenses;

•Must not have been claimed in full for offset (CTA10/1223 (1)(b)(i)), For accounting periods beginning before 1 April 2017, no claim was required.

•Are subject to loss restriction rules relating to restrictions on deductions from total profits under CTA10/S269ZD (3) see CTM05020,

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