CVAs and Corporation Tax Issues

Where a company entering into a CVA has accumulated trading losses for tax purposes, the continued availability of such losses in future periods is likely to be a crucial aspect to the successful implementation of the arrangement.

Assuming the company continues to trade throughout the CVA process, its unrelieved trading losses may be carried forward for offset against future profits arising from the same trade. 

If you want to know more then Keith Rushen of Robinson Rushen, Chartered Accountants and Chartered Tax Advisors, has kindly put together a guide on the subject of corporation tax losses and CVA.

Please download the guide here.

This guide has been prepared from current legislation and HMRC guidance.  You are recommended to seek professional advice before taking or refraining from any action on the basis of the contents of this guide.
 


If you have any questions on the finer points then feel free to call Keith Rushen on +44 (0)20 7486 2378 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it