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.
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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.
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