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Can losses of a trading company incurred in previous years be surrendered to another group member to offset current year profits? Thanks David

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Posted by (Questions: 111, Answers: 1)
Asked on 10 June 2016 3:49 pm
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No, losses b/fwd can not be surrendered. Only current year losses. If the year ends are not coterminous, then only the overlapping portion can be surrendered.

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Answered on 10 June 2016 4:42 pm