Policy paper
Surcharge on banking companies for transferred-in losses
This Tax Information and Impact Note is about a new rule relating to bank surcharge rules for intra-group transfers of capital losses.
Documents
Details
This measure applies to allowable losses deducted from banks鈥� chargeable gains accruing on disposals made on or after 11 March 2020. It makes sure that surcharge profits are not reduced by capital losses surrendered by non-banking companies in the same group.聽
Updates to this page
Published 11 March 2020