Changes to carried forward loss relief | KPMG | UK

Changes to carried forward loss relief

Changes to carried forward loss relief

The consultation for reforms to corporation tax loss relief was published on 26 May 2016 following the Chancellor’s announcement in Budget 2016.

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The Consultation’s stated aims are to provide more flexibility over the use of carried forward losses and to impose a measure to restrict their use to 50% of taxable profits in any one year (for profits exceeding £5 million per group).

Inside this edition of M&A Matters we review:

  • the current system;
  • overview of changes;
  • 50% restriction; 
  • banking proposals;
  • next steps.

Read the full article in this edition of M&A Matters

 

For further information please contact: 

Glenn Rabnott

Manager

T: +44 20 7694 3785

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