Carry forward and set off of losses limited to specified business profits; unrelieved losses carried forward for set off. Losses from a specified business may be set off only against profits and gains of other specified businesses; any unrelieved loss shall, subject to other ... Summary
Carry forward and set off of losses limited to specified business profits; unrelieved losses carried forward for set off.
Losses from a specified business may be set off only against profits and gains of other specified businesses; any unrelieved loss shall, subject to other Chapter provisions, be carried forward to subsequent assessment years and set off against assessable profits of specified business in those years, with any remaining amount carried forward further until exhausted.
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