Corporation Tax: Purchased trading losses: streaming not necessary | Practical Law

Corporation Tax: Purchased trading losses: streaming not necessary | Practical Law

The First-tier Tribunal has held that a company was entitled to relief for carried forward trading losses arising in a trade that it had acquired from a recently purchased subsidiary, without the need to stream those losses against profits of the acquired trade.

Corporation Tax: Purchased trading losses: streaming not necessary

Practical Law UK Articles 0-610-2097 (Approx. 4 pages)

Corporation Tax: Purchased trading losses: streaming not necessary

by Norton Rose Fulbright LLP
Published on 30 Apr 2015
The First-tier Tribunal has held that a company was entitled to relief for carried forward trading losses arising in a trade that it had acquired from a recently purchased subsidiary, without the need to stream those losses against profits of the acquired trade.