3 year loss carry back rules | AccountingWEB

3 year loss carry back rules

Client has projected losses for y/e 31/12/09. Claimed group relief in 2008.

Under FA09, losses in period can be carried back up to 3 years, subject to £50k cap, ie full carry back to 2008, £50k to 2007 and £50k to 2006.

Can I just confirm that there is no need to withdraw group relief claim in 2008  to utilise £50k carry back to 2007 and 2006?

Or do they have to carry back to 2008 in order to make £50k carry backs to 2007 and 2006?

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Yes, but (or No, but)

RebeccaBenneyworth |
RebeccaBenneyworth's picture

Thanks, Rebecca

Peter Cane |