New company loss rules encourage new business within existing companies

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From 1 April 2017 company losses carried forward to future periods will be available for offset against profits more flexibly than was previously the case.  Broadly it was the case that trading losses carried forward could only be set against profits from the same trade.  From 1 April 2017 trading losses can be set against profits from other trades including new trades a company may have diversified into.

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