What is the maximum amount of losses that can be used to offset taxable income?

Tax Group
1

What is the maximum amount of losses that can be used to offset taxable income?

2

The maximum allowable losses are the lower of the following:

  • The taxable income attributable to the subsidiary

  • The tax loss that can be used to reduce the taxable income of the tax group in the relevant tax period (I.e either75% of the Taxable Income or any other percentage as specified by the Cabinet)