[1179BG Transfer of terminal loss to other qualifying production]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[1179BG  Transfer of terminal loss to other qualifying production]

[(1)     This section applies if—

(a)     a company (“the principal company”) ceases to carry on the separate production trade in respect of a production,

(b)     the principal company could, but for the cessation of that trade, carry an amount (“the terminal loss”) forward under section 45A or 45B of CTA 2010 to an accounting period after that in which the cessation occurs,

(c)     when the trade ceases, either the principal company or another company in the same group carries on another separate production trade under this Chapter (“the other trade”), and

(d)     the ceased trade and

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