How to utilise Capital Losses
- Article ID
- ias-12220
- Article Name
- How to utilise Capital Losses
- Created Date
- 31st December 2015
- Product
- IRIS Business Tax
- Problem
- How can capital losses be utilised?
- Resolution
- Capital losses may be deducted from gains chargeable in the year in which the losses are incurred: – These losses are to be entered in box 17 of the CT600. Any unused losses may be carried forward to be deducted from gains in later tax years: – These losses are to be entered in box 17 of the CT600. Note: – Capital losses can never be carried back. – Capital losses can never be offset against any other income, except by an investment company in special circumstances.
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