[F112(1)This paragraph applies where the qualifying activity is a [F2UK property business] other than a furnished holiday lettings business and paragraph 14 does not apply.U.K.
(2)The amount of the loss that is unrelieved is the amount of the loss, reduced by the amount of—
(a)any relief that was or could have been obtained by the company making a claim under section 392A(1) of ICTA to set the loss against profits of whatever description of the same chargeable period,
(b)any loss that was or could have been surrendered under section 403(1) of that Act (surrender of relief to group or consortium members),
(c)any loss surrendered under [F3Chapter 3 of Part 14 of CTA 2009] (tax credits for remediation of contaminated land), and
(d)any amount set off against the loss under section 400 of ICTA (write-off of government investment).
(3)For this purpose, no account is to be taken of any losses brought forward from an earlier chargeable period under section 392A(2) of ICTA.]
Textual Amendments
F1Sch. A1 inserted (with effect in accordance with Sch. 25 para. 9 of the amending Act) by Finance Act 2008 (c. 9), Sch. 25 para. 5
F2Words in Sch. A1 para. 12(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 521(6)(a) (with Sch. 2 Pts. 1, 2)
F3Words in Sch. A1 para. 12(2)(c) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 521(6)(b) (with Sch. 2 Pts. 1, 2)