I am preparing company accounts for a cessation period of 15 months. It has incurred a loss. The previous 12 month accounts had a profit in access of this loss. Can the loss be fully relieved and if so which box or boxes should be completed in the CT600.
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You need to look at the tax computations for the previous year, not the accounts. But yes in principle a trading loss can be carried back.
I have a 15 month final period. So the Accounting periods for CT purposes will be 12 months and 3 months to cessation. The Profit in the previous 12 months exceeds the 15 month loss. Do I use both the sections to claim loss relief? If so which box/boxes should be completed in CT600 because all I can see is Box 30 - relief under S393A and nothing about S388 losses brought back.
You said it yourself - you have a 12 and a 3. Can you clarify your problem ?