Authorised Investment Fund
Corporation Tax
Group Module
Investment Trust
Life
Hotline
Pack development
Irish Corporation Tax
Partnership Tax
Partnership Gains
Administrator
Tracker
Hong Kong Profits Tax
VAT
Personal Tax
Corporation Tax Lite
Losses transferred in |
See Also
Select from the following headings:
Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors
Trade losses transferred in under CTA 2010 s938 may be restricted to being used only against trading profits arising from the transferred in trade.
This schedule allows the users to separately stream the losses transferred in, and to select the amount of losses that can be used in each period.
This schedule can be developed from the Losses and allowances schedule using the Develop menu.
Losses transferred in b/f
The user enters losses transferred in under CTA 2010 s938 brought forward.
Losses transferred in with trade
The user enters the losses that have been transferred in under CTA 2010 s938 in the current period.
(Offset) in period
The user selects the amount of losses available for offset against current period
trading profits, entered with a leading minus.
Long periods of account
The long period of account version requires the user to select the amount of
losses available for offset in each period.
This schedule has no standard sub-schedules.
On carry forward, this schedule is automatically developed in the subsequent computation if it is present in the prior year computation. In the subsequent computation the losses transferred in value brought forward is entered automatically.
© 2009 Thomson Reuters.