partial year for carry back loss for corporations

Bban12313y ago

Hi if I have a loss from a year which is less12 months (let say 4 months) do I have to restrict the profit of the (should that be past or future) receiving year to 4/12 or 4/whatever long that is? Thanks

TTTax Tutor13y ago#1

In corporation tax the trading loss of a chargeable accounting period may, after current period relief be carried back against total profits of the 12 months preceding that loss making period, irrespective of the length of the loss making period itself.