Absolutely right Howard Jones.

Consider this - a profitable farming company making average taxable profits of £300k each year decides to update it's harvesting equipment. It takes out a bank loan for £1,000,000 in April 2021 to buy 2 best quality tractors, a combine harvester and 2 lorries. This attracts a "capital allowances super deduction of £1,300,000. The taxable profit before deduction of capital allowances for the year ended 31 March 2022 is expected to fall to £150k, which after deduction of capital allowances leaves a loss of £1,150,000. This can be carried back for 3 years to relieve £900,000 profits, resulting in a corporation tax refund of £171,000, and the balance of losses amounting to £250k can be carried forward against future profits.

An example of good tax planning by claiming legitimate tax reliefs!!!