How do I offset current year trading losses against other profits or chargeable gains on a CT600?

To offset current year trading losses against other profits or chargeable gains on a CT600, follow these steps:

SimpleStep

•  go to CT600 > Losses, Management expenses, NTLRDs and NTLIFAs > Trading Losses > Enter the amount in the box labelled Set against other profits or chargeable gains of this year.

HMRC Forms

• HMRC Forms mode – go to CT600 > Computations > Trading Losses > Enter the amount in the box labelled Set against other profits or chargeable gains of this year.