CT600 Box 295: Total Deductions and Reliefs

Box 295 on the CT600 is the total of all deductions and reliefs claimed against your company's profits. It's a computed box — the sum of individual deduction boxes in the CT600's Deductions and Reliefs section.

What Goes in Box 295?

Box 295 is the total of the following boxes:

Box	Description
240	Losses of trades carried on wholly or partly in the UK
245	Management expenses
250	UK property business losses
255	Capital allowances for non-trading activities
260	Non-trading losses on intangible fixed assets
263	Non-trading loan relationship deficit
265	Trading losses carried forward
275	Trading losses used against total profits
285	Losses brought forward used against total profits
290	Non-trade capital allowances

If your company has no deductions or reliefs, Box 295 will be zero.

How Box 295 Fits in the CT600

Box 295 is subtracted from your profits to arrive at profits before donations:

``` Box 235 Profits before deductions £50,000 Box 295 Total deductions and reliefs (£8,000) -------- Box 300 Profits before donations £42,000 ```

It sits between your total profits calculation and your final chargeable profits.

Common Deductions

Trading Losses (Boxes 275 and 285)

If your company made a loss in a previous period, you can carry it forward and set it against current profits:

Box 275 — Current-year trading losses used against total profits
Box 285 — Losses brought forward used against total profits

Both feed into Box 295.

Property Losses Brought Forward (Box 250)

If your company had UK property business losses from a previous period, the amount used against current profits goes in Box 250 and contributes to Box 295.

Management Expenses (Box 245)

Investment companies (not trading companies) may claim management expenses. These are the costs of managing the company's investments.

Practical Example

A trading company has profits of £50,000 and brought-forward trading losses of £12,000:

Box	Description	Amount
235	Profits before deductions	£50,000
285	Losses brought forward used	£12,000
295	Total deductions	£12,000
300	Profits before donations	£38,000

The £12,000 in losses reduces the taxable profits from £50,000 to £38,000.

Box	Description
235	Profits before deductions and reliefs
295	Total deductions and reliefs (this box)
300	Profits before qualifying donations and group relief
315	Profits chargeable to Corporation Tax

Common Questions

Is Box 295 the same as qualifying charitable donations?

No. Qualifying charitable donations are separate — they reduce profits after Box 295 has been applied. Box 295 covers losses, capital allowances, and other reliefs only.

Do I fill in Box 295 manually?

No — Box 295 is a computed total. You fill in the individual deduction boxes (240–290) and Box 295 is calculated as their sum.

What if I have no losses or deductions?

If none of the individual deduction boxes apply to your company, Box 295 will be zero. This is common for profitable companies with no brought-forward losses.

Can Box 295 exceed Box 235?

No. HMRC rules prevent total deductions from exceeding available profits. Individual loss reliefs are capped at the profits available.

When Using TinyTax

TinyTax calculates Box 295 automatically based on your company's circumstances:

If you have brought-forward losses, TinyTax applies them against current profits
The individual deduction boxes are populated based on your data
Box 295 is computed as the sum of all applicable deductions

You don't need to calculate Box 295 manually — TinyTax handles the computation and ensures it follows HMRC rules.

CT600 Box 235: Profits Before Deductions
CT600 Boxes Explained
Corporation Tax Rates

Need Help?

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