Terminal Loss Relief and SIPP contributions query

How does Terminal Loss Relief work where an Employer Contributions to SIPP caused a loss?

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Hello All,

I wanted to know how the terminal loss relief works in a situation where a loss has been incurred as a result of employer contributions into a SIPP?

I also wanted to know how the pension contributions carry forward rule works. Can a company use this to increase the terminal period loss, thereby increasing the corporation tax refund?

Finally, what documentation is required to support the above particularly the requirement that the losses incurred need to be from the same trading activity? The company has earnt profits from e-commerce and interest from investment on surplus cash and the loss is made from the SIPP contributions and employee wages.

Thank you in advance. 

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By andy.partridge
24th Dec 2018 15:03

Relax. Merry Christmas.

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By Accountant A
24th Dec 2018 16:57

As andy.partridge says, relax. Your accountant will sort it out for you.

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