Extended Carry back in 2009, 2010 and 2011

In the years 2009, 2010 and 2011 it was possible to lengthen the term for carry back of one year to three years. This is still a possibility when the  final tax assessment of those years is not yet imposed. There is a maximum of € 10 million of loss per year which can be carried back.

Note: If there is opt to use the extended carry back this will have an effect on the term for the carry forward. The carry forward will be shortened from nine to six years.

This article is part of our monthly tip : January.