A. General
- Differences between trade and non-trade losses
B. Carry Forward Losses
- Carry forward unutilized losses, capital allowances and approved donations
- Meeting minimum shareholders requirement on relevant dates and exceptions
- Other conditions for carry forward ‘losses’
C. Group Relief
- Concept of Group Relief System
- Definition of Group Companies
- First level and second level tests
- Transfer rules
- Election in Form C and planning
- Anti-avoidance and other issues
D. Carry Back Relief
- Number of years losses can be carried back
- Maximum amount that can be carried back
- Shareholders Test
- Same Business Test
- Tax planning on Carry Back Reliefs
- Enhanced Carry Back relief (Due to Covid-19)
E. Tax Losses for Limited Liability Partnerships and Limited Partnerships
F. Tax Losses for sole proprietorship and partnerships
G. Latest updates form IRAS