Syllabus E5

a) Explain the loss reliefs available for both trade and non trade losses.
b) Illustrate the use of the loss reliefs in a basic calculation
    i) trade losses
       – CTA 2010 s37 current period
       – CTA 2010 s37 carry back (including cessation)
       – CTA 2010 s45 carry forward
    ii) non trade losses
       – property business loss relief
       – capital losses
       – explain the impact of cessation of trade on trade and non trade losses.
c) Compute corporation tax repayable following a loss relief claim.