Your choices on cookies
This website uses cookies in order for our feedback functionality to work. You can choose to set these optional survey cookies that are described below.
You can find more information on how we use our cookies in our Cookie Statement. You can change your cookie preferences at any time by clicking the Cookie preferences link in the footer of every page on this website.
Survey cookies are set by a third-party service provided by Qualtrics. These cookies are required in order for our feedback functionality to work.
The survey cookies collect information about the page you are providing feedback from. When you save your survey cookies choice below, a cookie will be saved on your device to remember your choice. These cookies are set as session cookies and will be deleted once you close this browsing session.
We welcome your feedback and you can help us to continue to improve our website by turning survey cookies on.
This website uses cookies in order for our video functionality to work. You can choose to set these optional video cookies that are described below.
YouTube cookies are set by a third-party service provided by YouTube, a company owned by Google. These cookies are required in order for our video functionality to work.
When you save your YouTube cookies choice below, Revenue will save a cookie on your device to remember your choice. This Revenue cookie is set as a session cookie and will be deleted once you close this browsing session. YouTube may set cookies directly according to YouTube's own cookies policy.
Tá an chuid seo den suíomh idirlín ar fáil i mBéarla amháin i láthair na huaire.
If a company sustains trading losses in an accounting period, they can be offset as a means of a relief from tax against:
This relief is calculated on a euro for euro basis. This means that a loss of one euro can be offset against a profit of one euro.
Any unused trading losses may be offset against non-trading income, including chargeable gains, on a value basis. The tax value of trading losses is limited to the 12.5% rate of Corporation Tax.
The following example explains how a trading loss can be offset on a value basis against a non-trading income.
A company has a trading loss of €100,000 and a chargeable gain of €100,000. The tax due on the chargeable gain is €33,000.
The company can offset the loss at 12.5% against the tax due on the chargeable gain.
The unused trading losses can be carried forward, without time limit, against trading income of the same trade in future accounting periods. A loss must be claimed against the first available profits of the same trade.
The above provisions do not apply to companies carrying out an excepted trade. Those companies can offset a trading loss against:
Published: 05 November 2024 Please rate how useful this page was to you Print this pagePrint all pages in 'Corporation Tax (CT)'