Corporate losses

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For losses arising on or after 1 April 2017, when carried forward to future years the loss can be set against any income, including other trades and capital losses.  Currently, and until 31 March 2017, losses carried forward to future years can only be set against profits in the same trade.

Similarly, group relief (setting losses against other companies within a group of companies) is being made more flexible from 1 April 2017.