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this is a lecture from open tuition to benefit from the lecture you should download the free lecture notes from opentuition.com this chapter deals with the tax adjusted losses for companies now losses um we have already dealt with um if youamp;#39;re watching these in chronological order weamp;#39;ve already dealt with losses for individuals and you will see thereamp;#39;s quite a lot of commonality between the two um but however there are some docHub differences for limited companies so although it might be important to watch the income tax loss position to give you an idea of how losses work um this is a standalone uh chapter because the some of the changes um um and the proor and things need to be slightly different so if you do make a loss now that could be an adjusted profit less Capital allowances makes a loss or an adjusted loss and capital allowances makes the loss bigger again use the same Pro formas then in the computation itself you will say nil now these are the mai
