Nol Carry Forward Rules 2025 Update. Nols may now be carried forward indefinitely until the loss is fully recovered, but they are limited to 80% of the. A company can carry forward unutilized capital allowances and trade losses indefinitely, but unutilized donations can only be carried forward for up to five years of assessment (yas).
The company can carry forward its business losses to lower future taxable income. The legislation extends from 20 to 30 income years the period when corporations may carry forward an net operating loss (nol) deduction for corporation business tax.