My Flynth

Limitation of loss carryforward in corporation tax

 

 

The current time limit for loss carry-forward in corporation tax is nine years. This time limit is being reduced to six years and will apply for the first time to losses in 2019. For a loss suffered in 2018, a limitation period of nine years still applies. In the event that this relates to a split financial year, the limitation of loss compensation takes effect from the financial year beginning in 2019.

TIP

TIP

The government expects that this will be anticipated, which will already yield € 1.8 billion for the treasury in the coming year. If the current account liability in your business exceeds € 500,000, it would be advisable to let us look for opportunities together to prevent this levy.