Corporation Tax Act 2010 Explanatory Notes

Introduction

Part 5: Group relief

Chapter 2: Surrender of company’s losses etc for an accounting period

Section 104: Meaning of “non-trading loss on intangible fixed assets”

369.This section explains that a non-trading loss that is available for relief is one calculated under Part 8 of CTA 2009. It is based on section 403ZD(6) of ICTA.

370.Subsection (1) is the link to the basic rule in section 99(1)(g).

371.Subsection (2) excludes from the available loss amounts brought forward from an earlier period.