PART X LOSS RELIEF AND GROUP RELIEF

CHAPTER III LOSS RELIEF: MISCELLANEOUS PROVISIONS

397 Restriction of relief in case of farming and market gardening.

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

398 Transactions in deposits with and without certificates or in debts.

M1Where F2a company sustains a loss on the exercise or disposal of a right to receive any amount, being a right to which section 56(2) F3. . . applies, in a case where—

(a)

if a profit had arisen from that exercise or disposal, that profit would have been chargeable to F4corporation tax by virtue of section 56(2) F5. . . , and

(b)

F6the company is chargeable to corporation tax under F7Part 5 of CTA 2009 (loan relationships) in respect of interest payable on that amount,

then the amount of that interest shall be included in the amounts against which F8the amount of its loss may be set off under F9section 91 of CTA 2010.

399 Dealings in commodity futures etc: withdrawal of loss relief.

F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

400 Write-off of government investment.

F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

401 Relief for pre-trading expenditure.

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .