Loan relationships losses

Enter details of loan relationships losses made by the company.

There are three tabs:

Enter the amounts of loss relieved in the current period, the previous period or any periods before that and any amounts surrendered as group relief.

Note:

To enter losses in Group relief surrendered, there must be at least one associated company (or one 51% group company during periods between 1 April 2015 and 31 March 2023) excluding this company at Return information.

Any losses not so relieved are carried forward to the next period.

If the current period loss is not showing at Loss for the accounting period, then check that the figure shown at Amount on Add new loan relationship is negative.

From 1 April 2017

Losses b/f  
Total loss b/f Shows the Loss brought forward from the previous period. If you have not used Sage Corporation Tax for the previous period, then manually enter the amount.
Loss b/f - arising before 01/04/2017 Enter this amount.
Loss b/f - arising after 31/03/2017 This amount is calculated.
Less: losses foregone/amounts no longer available Enter any of Loss b/f no longer available to be relieved.
Used by  
Relieved in this period Enter this amount.
Relieved against total profits Enter this amount.
Group relief surrendered Enter this amount.
Losses b/f available to be c/f This amount is calculated.
Add: This period loss c/f Any loan relationship loss arising, but not relieved in, the current period. It is carried forward to the next period.
Add non trading deficit b/f excepted from relief this period If you elected in the previous period to except the loan relationship loss from being used as a relief in this period, then the amount of that election appears here. If you have not used Sage Corporation Tax for the previous period, then manually enter the excepted amount.
Less non trading deficit c/f and excepted from relief against non-trading profits next period Where there are losses to be carried forward which you do not want to use in the next period, then enter the amount to be excepted.
Extinguished on cessation Enter any losses not available for later periods because their source has ended.
Total loss c/f This amount is calculated.
Loss c/f - arising before 01/04/2017 Enter this amount.
Loss c/f - arising after 31/03/2017 This amount is calculated.
Relieve deficit b/f before management expenses Tick the box, if you want to use the brought forward losses in preference to management expenses.
Note:

To enter losses in Group relief surrendered, there must be at least one associated company (or one 51% group company during periods between 1 April 2015 and 31 March 2023) excluding this company at Return information.

Prior to 1 April 2017

Gives details of brought forward losses.

Loss b/f Shows the Loss brought forward from the previous period. If you have not used Sage Corporation Tax for the previous period, then manually enter the amount.
Less: losses foregone/amounts no longer available Enter any of Loss b/f no longer available to be relieved.
Sub total Loss b/f, less losses foregone/amounts no longer available
Relieved in the period The amount of Loss b/f used in the current period. This amount is calculated by the software and used in the calculation of the company's tax liability.
This period loss c/f Any loan relationship loss arising, but not relieved in, the current period. It is carried forward to the next period.
Add non trading deficit b/f excepted from relief this period If you elected in the previous period to except the loan relationship loss from being used as a relief in this period, then the amount of that election appears here. If you have not used Sage Corporation Tax for the previous period, then manually enter the excepted amount.
Less non trading deficit c/f and excepted from relief against non-trading profits next period Where there are losses to be carried forward which you do not want to use in the next period, then enter the amount to be excepted.
Extinguished on cessation Enter any losses not available for later periods because their source has ended.

Loss c/f

 The amount of loss which will be carried forward to the next period.
Relieve deficit b/f before management expenses Tick the box, if you want to use the brought forward losses in preference to management expenses.

Enter details of any loss brought back from a later period, to be used in this period.

Click Save before leaving each tab, to save the added information.

How do I get here?

Income & expenses > Loan relationships > Losses