[259ZMC The unused part of the DII surplus]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[259ZMC  The unused part of the DII surplus]

[(1)     This section identifies the unused part of the DII surplus of company A for the overlapping period, for the purposes of an allocation claim made by company B (“the current allocation claim”).

(2)     The unused part of the DII surplus of company A for the overlapping period is the amount equal to—

(a)     the DII surplus for the overlapping period (see subsection (3)), less

(b)     the amount of prior allocations for that period (see subsections (4) to (7)).

(3)     To determine the DII surplus for the overlapping period—

(a)     take the proportion of the surplus period included in the overlapping period, and

(b)     apply that proportion to the DII surplus for the surplus period.

The DII surplus for the overlapping period is the amount given as a result of paragraph (b).

(4)

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