Corporate Capital Loss Restriction - Draft Finance Bill legislation - CIOT comments

By Technical Team on 04 Sep 2019

The CIOT comments on the draft legislation published on 11 July 2019 (L-day) intended to be included in the next Finance Bill to give effect to the Corporate Capital Loss Restriction (CCLR). The CCLR was announced at Budget 2018 and the government subsequently consulted on the detail of the delivery of the CCLR. 

Our submission is available to view here and the draft legislation here.

Technical Team