OT21066 - Corporation Tax Ring Fence: Losses and Group Relief: Extended Carry Back for General Decommissioning and Terminal Losses - Example
For APE 31 Mar 2009, Company A made ring fence losses attributable to decommissioning expenditure of 拢1,000m and non-ring fence profits of 拢5尘. The results of earlier APs and the loss relief available are as follows:
APE | Ring Fence | Non-ring fence | Loss relief | Allowed under |
---|---|---|---|---|
31 March 2009 | (拢1,000尘) | 拢5尘 | 拢5尘 | CTA10\S37 |
31 March 2008 | 拢10尘 | 拢15尘 | 拢25尘 | CTA10\S40 |
31 March 2007 | 拢20尘 | 拢10尘 | 拢30尘 | CTA10\S40 |
31 March 2006 | 拢25尘 | 拢15尘 | 拢40尘 | CTA10\S40 |
31 March 2005 | 拢50尘 | 拢30尘 | 拢50尘 | CTA10\S42 |
31 March 2004 | 拢100尘 | 拢50尘 | 拢100尘 | CTA10\S42 |
31 March 2003 | 拢365尘 | 拢60尘 | 拢349尘 | CTA10\S42 |
Total relief given is 拢599m, leaving ring fence losses available to carry forward of 拢401m.