[463G Carry forward of unrelieved deficit against total profits]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[463G  Carry forward of unrelieved deficit against total profits]

[(1)     This section applies if conditions A to D are met.

(2)     Condition A is that—

(a)     any amount of the deficit (“the unrelieved amount”) is not—

(i)     set off against profits on a claim under section 463B(1), or

(ii)     surrendered as group relief under Part 5 of CTA 2010.

(3)     Condition B is that it is not the case—

(a)     that the company ceased to be a company with investment business in the deficit period, or

(b)     (if the company was a company with investment business immediately before the beginning of the deficit period) that its investment business became small or negligible in the deficit period.

(4)     Condition C is that (if the company is a Solvency 2 insurance company) it is

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Third party rights—the common law doctrine of privity of contract

Third party rights—the common law doctrine of privity of contractThis Practice Note discusses the common law doctrine of privity of contract; the equitable and statutory exceptions to it; how the doctrine affects enforcing a contract against a third party and what happens when, notwithstanding the

LEXISNEXIS

HCPC—Main hearing of the Health and Care Professions Tribunal

HCPC—Main hearing of the Health and Care Professions TribunalCoronavirus (COVID-19): This Practice Note contains guidance on subjects impacted by the government’s response to the coronavirus outbreak. In particular, the Health and Care Professions Council (HCPC) (Coronavirus) (Amendment) Rules Order

LEXISNEXIS

Guarantee payments

Guarantee paymentsThis Practice Note explains the right to a guarantee payment, which provides limited pay protection for certain employees who are laid off or put on short-time working.In practice the question whether a guarantee payment is due will usually arise in the case of hourly paid or piece

LEXISNEXIS

Option agreements—the need for a long-stop date

Call options are frequently used by developers to secure a right to buy land if planning permission is obtained. Taking an option provides the developer with time to make and pursue a planning application before having to commit to paying for the land. The developer's initial outlay will be limited