[1217RH Amount of surrenderable loss]

[1217RH  Amount of surrenderable loss]

[(1)     The company's surrenderable loss in the accounting period is—

(a)     the company's available loss for the period in the separate orchestral trade (see subsections (2) and (3)), or

(b)     if less, the available qualifying expenditure for the period (see subsections (4) and (5)).

(2)     The company's available loss for an accounting period is—

L

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