[1217DC Terminal losses]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[1217DC  Terminal losses]

[(1) This section applies if—

(a) a company (“company A”) is the video games development company in relation to a qualifying video game,

(b) company A ceases to carry on its separate trade in relation to that video game (“trade X”) (see section 1217B), and

(c) if company A had not ceased to carry on trade X, it could have carried forward an amount under section 45 [, 45A or 45B] of CTA 2010 to be set against profits of ... a later period (“the terminal loss”).

(2) If on cessation of trade X company A—

(a) is the video games development company in relation to another qualifying video game, and

(b) is carrying on its separate trade in relation to that

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