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New Temporary Loss Relief Rules Announced during Budget 2021

29 Apr 2021

As announced in the Budget in March 2021, legislation will be introduced in the Finance Bill 2021 which will temporarily extend the period over which taxpayers are permitted to carry back trading losses against profits arising in earlier years. This means taxpayers can have access to additional tax repayments that they would not have otherwise been able to claim without the introduction of the temporary measures.

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