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Corporation Tax Act 2010

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Changes over time for: Section 325

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Point in time view as at 31/01/2013.

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Corporation Tax Act 2010, Section 325 is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

325The pool of ring fence losses and the pool of non-qualifying Schedule 19B lossesU.K.
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(1)For the purpose of determining the amount of any post-commencement supplement, a qualifying company is to be taken at all times in its post-commencement periods to have a continuing mixed pool (the “ring fence pool”) of—

(a)the carried forward qualifying Schedule 19B amount (if any),

(b)the company's ring fence losses, and

(c)post-commencement supplement.

(2)The ring fence pool continues even if the amount in it is nil.

(3)For the purpose of determining the amount of any post-commencement supplement, a qualifying company is also to be taken in its post-commencement periods to have a non-qualifying pool consisting of the carried forward non-qualifying Schedule 19B amount.

(4)But the non-qualifying pool ceases to exist when the amount in it is reduced to nil.

(5)In this section—

  • the carried forward qualifying Schedule 19B amount”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B to ICTA immediately before 1 January 2006, and

  • the carried forward non-qualifying Schedule 19B amount”, in relation to a qualifying company, means the amount in its non-qualifying pool for the purposes of Part 4 of Schedule 19B to that Act immediately before 1 January 2006.

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