463 Profits available for relief under section 462
Corporation Tax Act 2009 (2009 c 4) | Legislation

463  Profits available for relief under section 462

(1)     The profits available for relief under section 462 are the amounts which (apart from the relief) would be charged under this Part as profits for accounting periods ending within the permitted period, after giving every prior relief.

(2)     In this section—

“the permitted period” means the period of 12 months immediately before the deficit period, and

“prior relief” means a relief which subsection (5) provides must be given

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