Loss Relief Claims That Turn Your Losses Into Tax Savings
Has your company made a trading loss? ABM Chartered Accountants helps you claim corporation tax loss relief by carrying losses back for a refund, forward against future profits, or across your group to reduce the tax you pay.
Get Tax Relief When Your Business Makes a Loss
When your company makes a trading loss, you do not simply lose that money for tax purposes. Corporation tax loss relief lets you offset that loss against profits in other periods, either by carrying it back for a refund or forward to reduce future tax bills. ABM Chartered Accountants makes sure you claim correctly.
Our ICAEW and ACCA qualified accountants understand every type of loss relief available, including carry back, carry forward, group relief, terminal loss relief, and capital loss claims. We review your position, identify the most tax-efficient route, and prepare the claim within your corporation tax return on time.
What Our Loss Relief Service Covers
From carrying losses back for a refund to surrendering them across your group, here is how ABM Chartered Accountants helps you get full value from every loss.
Loss Carry Back
Carrying trading losses back against prior year profits to claim a corporation tax refund from HMRC.
Loss Carry Forward
Setting carried forward losses against future profits to reduce your corporation tax in later years.
Group Relief
Surrendering losses between qualifying group companies to offset profits elsewhere in your group.
Terminal Loss Relief
Carrying back losses from your final 12 months of trading against profits of the prior three years.
Capital Loss Claims
Offsetting capital losses against capital gains in the same or future accounting periods you report.
Loss Planning
Strategic advice on using your losses for maximum tax relief across current and future periods.
Make Every Loss Work Harder for You
A trading loss does not have to be wasted. Carrying it back can generate a cash refund of corporation tax you have already paid, often within weeks. Carrying it forward reduces tax on future profits when your company returns to growth. ABM Chartered Accountants helps you choose the route that delivers the most value.
Getting loss relief wrong means either missing out on a refund you are entitled to or claiming relief in a way that is less efficient. With a two-year deadline on carry back claims and restrictions on carried forward losses above the deductions allowance, timing and accuracy matter. We make sure both are right.
Loss Relief Claims for UK Companies of Every Size
Based in Canary Wharf, London, ABM Chartered Accountants prepares corporation tax loss relief claims for companies and groups throughout the UK. Our digital process means location is never a barrier.
Loss Relief That Works Across Every Sector
We prepare loss relief claims for companies in technology, construction, retail, hospitality, property, manufacturing, professional services, and e-commerce. Whatever caused the loss, our team helps you recover the maximum tax benefit.
Why Companies Choose ABM for Loss Relief
Chartered Tax Expertise
ICAEW and ACCA qualified accountants maximising your loss relief.
Every Option Reviewed
Carry back, carry forward, and group relief all considered.
Deadlines Never Missed
Every claim filed within the two-year time limit, guaranteed.
How We Work
Initial Consultation
Set Up and Onboard
Ongoing Support
We provide regular reviews and proactive advice to keep your finances optimised and HMRC-compliant.
Get in Touch Today
Whether you need help with your tax return, payroll, VAT, or business advisory, our qualified UK accountants are ready to provide clear, practical guidance for your specific needs.
Book a Consultation
Fill in the form below and one of our expert accountants will contact you promptly to discuss your accounting and tax requirements.
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Frequently Asked Questions
Here are answers to the loss relief questions we hear most often. Contact our team for specific guidance.
What is corporation tax loss relief?
Corporation tax loss relief allows your company to offset a trading loss against profits in other accounting periods. You can carry the loss back against the previous year’s profits for a refund, or forward to reduce tax on future profits.
How far back can I carry a loss?
Under normal rules, you can carry a trading loss back one year against profits of the previous 12 months. If your company is ceasing to trade, terminal loss relief allows you to carry losses back up to three years.
Is there a limit on carried forward losses?
Yes. From April 2017, companies can offset carried forward losses against a deductions allowance of up to five million pounds plus 50% of remaining profits above that threshold. Most small businesses are unaffected as they fall within the allowance.
Can I surrender losses to another group company?
Yes. If your company has a qualifying group relationship with another company, you can surrender current year trading losses to offset profits elsewhere in the group. ABM Chartered Accountants reviews your group structure to identify the best approach.
What is the deadline for a carry back claim?
You must make a carry back claim within two years of the end of the accounting period in which the loss was made. ABM Chartered Accountants tracks your deadlines so no claim is missed.
How much do your loss relief services cost?
Fees depend on the complexity of your loss position and the number of claims involved. We offer transparent, fixed-fee pricing with no hidden charges. Contact ABM Chartered Accountants for a tailored quote.