Chapter 10

Carry forward

Summary

This chapter sets out the carry forward provisions.

835AV Carry forward

Summary

This section provides that where a deduction has been denied under this Part the entity may make a claim for the denied amount to be set off against any dual inclusion income in succeeding tax periods and where amounts are carried forward they shall be relieved first against profits or gains of an earlier tax period in advance of profits or gains of a later tax period.

Relevant Date: Finance Act 2021