– see also Losses; Loss relief; Trade loss relief

Bloodstock breeders

Commentary – Tax Reporter ¶274-000
HMRC Guidance – BIM55725

Calculation

Commentary – Tax Reporter ¶260-000

Cap on income tax relief

Commentary – Hardman's Tax Rates and Tables ¶2-610

Carry-back/carry-forward, time limits

Commentary – Hardman's Tax Rates and Tables ¶2-260 ; Hardman's Tax Rates and Tables ¶3-789

Claims and time-limits

Commentary – Tax Reporter ¶260-050
HMRC Guidance – BIM85005 ; BIM85065 ; SACM10030

Commencement/cessation of trade

Commentary – Tax Reporter ¶202-500

Companies

Group relief

Commentary – Essential Tax Companion ¶36265

Meaning

Commentary – Essential Tax Companion ¶32205

Offset against current profits

Commentary – Essential Tax Companion ¶32210

Offset against future profits

Commentary – Essential Tax Companion ¶32220

Offset against previous profits

Commentary – Essential Tax Companion ¶32215

Pre-trading expenditure

Commentary – Essential Tax Companion ¶32230

Terminal trading losses

Commentary – Essential Tax Companion ¶32225

Corporation tax

Agreements to forgo tax relief

Commentary – Tax Reporter ¶731-535

Carry-forward against future trading profits

Commentary – Tax Reporter ¶730-300 ; Tax Reporter ¶730-325
HMRC Guidance – BIM40801 ; BIM40805
Case Law – Bank Line Ltd. v. Commissioners of Inland Revenue

Carry-forward trade loss relief

Commentary – Tax Reporter ¶290-905

Change in company ownership

– see Change in company ownership

Change in trader without change of ownership

– see Change of trader without change in ownership

Claims and time-limits

Commentary – Tax Reporter ¶730-400
HMRC Guidance – CTM04505

Continuity of trade

Commentary – Tax Reporter ¶730-350
Case Law – Gordon & Blair, Ltd. v. Commissioners of Inland Revenue ; Netlogic Consulting Ltd v R & C Commrs; Kawthar Consulting Ltd v R & C Commrs

Controlled foreign companies

Commentary – Tax Reporter ¶770-795

Farming and market gardening

Commentary – Tax Reporter ¶731-400

Group relief

Commentary – Tax Reporter ¶290-950 ; Tax Reporter ¶738-025

Non-resident companies receiving tax-exempt income

Commentary – Tax Reporter ¶731-500

Oil extraction activities

Commentary – Tax Reporter ¶731-450 ; Tax Reporter ¶798-700

Relief against total profits

Commentary – Tax Reporter ¶290-875

Restriction on transferring relief

Commentary – Tax Reporter ¶290-935

Restrictions on use of losses

Commentary – Tax Reporter ¶290-920

Set-off against profits of earlier periods

Commentary – Tax Reporter ¶730-200–Tax Reporter ¶730-250

Set-off against profits of the same period

Commentary – Tax Reporter ¶730-150
HMRC Guidance – CTM08610

Terminal losses

Commentary – Tax Reporter ¶290-890 ; Tax Reporter ¶730-225
HMRC Guidance – CTM04520 ; CTM04570
Case Law – Electronics Ltd v HM Inspector of Taxes

Uncommercial trades

Commentary – Tax Reporter ¶731-350

Write-off of Government investment

Commentary – Tax Reporter ¶731-525

Current and preceding year set-off, time limits

Commentary – Hardman's Tax Rates and Tables ¶3-789

Elections and claims

Corporation tax

Commentary – Hardman's Tax Rates and Tables ¶2-260

Income tax, time limits

Commentary – Hardman's Tax Rates and Tables ¶3-789

Generally

Commentary – Tax Reporter ¶260-000

Hobby farming

Commentary – Tax Reporter ¶272-850

Income tax carry-forward trade loss relief

Commentary – Tax Reporter ¶290-830

Income tax early trade loss relief

Commentary – Tax Reporter ¶290-755

Income tax general restrictions on sideways relief

Capital allowances

Commentary – Tax Reporter ¶290-800
HMRC Guidance – BIM85730

Capital gains relief where cash basis applies

Commentary – Tax Reporter ¶290-545 ; Tax Reporter ¶290-785

Generally

Commentary – Tax Reporter ¶290-770

Specific trades

Commentary – Tax Reporter ¶290-815

Income tax relief against general income and gains

Commentary – Tax Reporter ¶290-740

Income tax terminal trade loss relief

Commentary – Tax Reporter ¶290-845

Limited partnerships

Commentary – Essential Tax Companion ¶62145

National Insurance contributions

Commentary – Essential Tax Companion ¶13015

Overview

Commentary – Tax Reporter ¶290-725

Partnerships

Commentary – Tax Reporter ¶260-000

Property income

– see Property income

Relief

– see Loss relief

Self-assessment

– see Self-assessment

Set-off, time limits

Commentary – Hardman's Tax Rates and Tables ¶2-260

Terminal losses

– see Terminal loss relief

Trade carried on abroad

Commentary – Tax Reporter ¶290-860 ; Tax Reporter ¶293-400 ; Tax Reporter ¶293-425
Case Law – Horton v. Young (H.M. Inspector of Taxes) Weston v. Young (H.M. Inspector of Taxes)

Treated as allowable capital losses

Commentary – Tax Reporter ¶524-100
HMRC Guidance – BIM85025

Types of relief

Commentary – Tax Reporter ¶260-000