1045 Alternative treatment for pre-trading expenditure: deemed trading loss
Corporation Tax Act 2009 (2009 c 4) | Legislation

1045  Alternative treatment for pre-trading expenditure: deemed trading loss

(1)     A company is entitled to corporation tax relief for an accounting period if it meets [each of conditions A to D].

(2)     Condition A is that the company is a small or medium-sized enterprise in the period.

[(2A)     Condition B is that the company—

(a)     meets the R&D intensity condition in the period, or

(b)     obtained relief under this Chapter for

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