Losses and reliefs (including loan relationship deficits) section (CT600)

This section is accessed via the Data Input tab within the tax return and is used to enter details of non-trading losses and reliefs.

Non-trading loan relationship deficits

  • Net surplus/(deficit) this period (from trading profits screen) – this field shows the calculated net surplus or deficit from non-trading loan relationships as entered into the trading profits screen.

  1. Enter an Less: Deficits brought back from later period amount and used to offset the surplus profits in this period. (This field will not be visible if there is a net deficit in the current period.)

  2. Enter the Used against profits for this period amount of any current period deficit that is to be used to reduce current period profits. (This field will not be visible if there is no deficit in the current period.)

  3. Enter the Amount carried back to earlier periods amount of any current period deficit to be carried back to an earlier period. (This field will not be visible if there is no deficit in the current period.)

  • Surrendered for group relief – shows the amount of any deficit that has been surrendered for group relief. (This field will not be visible if there is no deficit in the current period.)

  • Net surplus for period / Net deficit for period – this field will show the net surplus or deficit for the current period.

  1. Enter the Unused deficits brought forward amount from an earlier period.

  2. Enter the Amount to offset against non-trading income amount brought forward deficit to allocate against non-trading income in the current period.

  • Remaining deficit to carry forward – this field will show the remaining deficit to carry forward.

Losses on non-trading intangible fixed assets

  • Net profit/(loss) arising this period – this field will show the net profit or loss arising in the current period, as entered in the adjustments to trading profit section.

  1. Enter the non-trading IFA losses brought forward.

  • Net profit/(loss) – this field will show the net profit or loss after losses brought forward.

  • Surrendered to group (see group relief) – this field will show the total non-trading IFAs surrendered for group relief.

  1. Enter the Amount to use this period against total profits total amount of the loss used to offset total profits for the period.

  • Loss to carry forward – this field will display the unused losses to be carried forward to the next period.

Losses brought forward against certain investment income

Use this grid to enter losses brought forward and used against certain investment income.

  1. Enter a brief description of the brought forward loss.

  2. Enter the amount of the loss brought forward and used.

Non trade capital allowances

This grid allows summary entry of non-trading capital allowances to be claimed.

  1. Enter a brief description of the capital allowance.

  2. Enter the amount of the capital allowance claimed.

To delete a line from the grid, select the ‘trash can' icon at the end of the line.