My Flynth

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.