Just six years to offset substantial shareholding losses

Just six years to offset substantial shareholding losses

 

 

Currently, substantial shareholding losses can be offset against profits from the previous year (loss carry-back) and profits from nine years after the loss year (loss carry-forward). The loss carry-forward has been cut to six years. A substantial shareholder therefore gets less time to offset the loss.

TIP

TIP

If a substantial shareholding no longer exists but there is still an outstanding substantial shareholding loss, under certain conditions this loss can be converted into a tax credit for Box 1.