Specific provisions1 are in place which determine the use of losses in the context of RPDT, including loss relief for adjusted trading losses, group relief of adjusted trading losses and group relief for carried forward adjusted trading losses. The term adjusted trading loss includes2:
- Ìý
•ÌýÌýÌýÌý any amount by which joint venture losses attributable to the residential property developer (under FA 2022, s 40) exceed any adjusted trading profits of the developer for the period
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•ÌýÌýÌýÌý adjusted trading losses of the residential property developer plus any joint venture losses attributable to the developer for the period (under FA 2022, s 40)
RPDT loss relief
If a residential property developer makes an adjusted trading loss in an accounting period and relief is not given by way of either group relief or group relief for carried forward losses, the unrelieved amount is carried forward to the next accounting period3. The company must be a residential property developer in this subsequent accounting period in order for relief to be available. Relief
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