Tax losses in Italy: carrying them forward
How an Italian business carries a tax loss forward: the cap at 80% of each year's income, full relief for losses from the first three years of a new activity, the reduction for exempt income, and the IRPEF rules for sole traders and partners in SNCs and SASs. Then the block on carry-forward after a change of majority and of business, the 40% vitality test and the net equity ceiling. Two modules with case studies, 2026 rules.
Advanced2 modules44 minFree course
2026 rules — verified on September 25, 2026
Figures are tied to dated, sourced tax constants. A module whose rules have changed is flagged for review, and is unpublished automatically beyond 90 days.
By the end of this course, you can…
These outcomes are the modules' own: the promise cannot say anything the course does not teach.
- Work out how much of a past loss a company can use in one year, within the cap of 80% of income
- Recognise losses from the first three tax periods, which offset income without a percentage cap
- Reduce the loss by the exempt income the law subtracts from it
- Apply the carry-forward rules to sole traders and to partners in partnerships
- Keep a schedule of available losses year by year
- Recognise the two conditions that, together, block loss carry-forward
- Identify the time window in which a change of business becomes relevant
- Establish which losses are caught, depending on the date of the transfer
- Apply the vitality test on revenue and staff costs
- Calculate the net equity ceiling that limits carry-forward once the test is passed
The programme, module by module
Each module has its own page. Durations are derived from the actual text, never announced by hand.
- Module 123 minFree — no accountCarrying losses forward: the 80% cap, the first three years and unincorporated businessesWhat you will be able to do
- Work out how much of a past loss a company can use in one year, within the cap of 80% of income
- Recognise losses from the first three tax periods, which offset income without a percentage cap
- Reduce the loss by the exempt income the law subtracts from it
- Apply the carry-forward rules to sole traders and to partners in partnerships
- Keep a schedule of available losses year by year
- Module 221 minFree — no accountWhen carry-forward stops: change of control, change of business and the vitality testWhat you will be able to do
- Recognise the two conditions that, together, block loss carry-forward
- Identify the time window in which a change of business becomes relevant
- Establish which losses are caught, depending on the date of the transfer
- Apply the vitality test on revenue and staff costs
- Calculate the net equity ceiling that limits carry-forward once the test is passed
What you take away
A handout you keep, not just a page you read. The sections are derived from the course itself: what is announced here is exactly what gets generated.
Participant handout (PDF)
PDF
- Learning objectives (2)
- Key figures (2)
- Mistakes to avoid (2)
- Official sources (2)
Exercise workbook (Word)
Word
- Learning objectives (2)
- Key figures (2)
- Mistakes to avoid (2)
- Official sources (2)
Answers live in a separate appendix: the participant handout and the workbook stay distributable before the exercise.
Download the handouts
Where this course leads
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Step-by-step guides to the official forms cited in this course.
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The courses that follow on from this one.
Educational content, current with the sources cited. It does not replace advice tailored to your situation. These courses are neither certifying nor CPF-eligible: they prepare for no certification registered with the French RNCP or specific register.