5(1)Section 753 of CTA 2009 (treatment of non-trading loss) is amended as follows.U.K.
(2)In subsection (3) (carry forward of non-trading loss)—
(a)in the words before paragraph (a), after “not” insert “ , in any period (“the reference period”) ”;
(b)in the words after paragraph (b) for “debit of” substitute “ loss on intangible fixed assets for ”.
(3)After subsection (3) insert—
“(4)But subsection (3) does not apply if the company ceased to be a company with investment business in the reference period.
(5)In the application of subsection (3) to an amount of a loss previously carried forward under that subsection, the reference in paragraph (b) to group relief under Part 5 of CTA 2010 is to be read as a reference to group relief for carried-forward losses under Part 5A of that Act.
(6)In this section “company with investment business” has the same meaning as in Part 16 (see section 1218B).”