457 Basic rule for deficits: carry forward to accounting periods after deficit period
Corporation Tax Act 2009 (2009 c 4) | Legislation

457  Basic rule for deficits: carry forward to accounting periods after deficit period

(1)     The basic rule is that the deficit must be carried forward and set off against non-trading profits of the company for accounting periods after the deficit period in accordance with subsection (3) and section 458 [(subject to subsection (2A))].

(2)     That rule does not apply to so much of the

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