September 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2025 exams.
Get your discount code >>

Question about capital losses?

This topic has 1 reply, 2 voices, and was last updated 9 years ago by Tax Tutor.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
October 2, 2015 at 6:36 am #274589
samirrules
Participant
- Topics: 18
- Replies: 188
Hi Tutor,
I have a quick question. If you have capital losses brought forward of 30000 and chargeable gain for that period of 25000. For the chargeable gain for the corporation tax computation be 25000 as a partial claim is not allowed or would it be 0 with 5,000 loss being carried forward?
October 2, 2015 at 12:05 pm #274685
Tax Tutor
Member
- Topics: 2
- Replies: 3965
If a company has capital losses b/f they will automatically be set off against future chargeable gains, hence in your example the 30,000 loss b/f will remove the current period gain and leave 5,000 remaining capital loss to c/f
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.