Non-trading deficit carried forward from last old accounting periodU.K.
[F161AAny amount carried forward to a new accounting period under subsection (3) of section 83 of the Finance Act 1996 (carry forward of so much of the non-trading deficit on a company’s loan relationships as is not the subject of a claim under subsection (2) of that section)—
(a)shall be disregarded for the purposes of any claim under subsection (2) of that section; and
(b)shall not be surrendered as group relief by virtue of section 403 of the Taxes Act 1988.]
Textual Amendments
F1S. 61A and heading inserted (retrospectively) by Finance Act 2003 (c. 14), Sch. 37 para. 6