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Corporation Tax Act 2009
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- UK Public General Acts
- 2009 c. 4
- PART 15C
- Use of losses
- Section 1217MA
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Changes over time for: Section 1217MA
Alternative versions:
- 17/07/2014- Amendment
- 26/03/2015- Amendment
- 16/11/2017- Amendment
- 22/02/2024
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Corporation Tax Act 2009, Section 1217MA is up to date with all changes known to be in force on or before 14 November 2024. 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.
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[F11217MARestriction on use of losses before completion periodU.K.
This section has no associated Explanatory Notes
(1)[F2This section] applies if a loss is made by the company in the separate theatrical trade in an accounting period preceding the completion period.
(2)The loss is not available for loss relief, except to the extent that the loss may be carried forward under section 45 [F3or 45B] of CTA 2010 to be [F4deducted from] profits of the separate theatrical trade in a subsequent period.
[F5(3)If the loss is carried forward under section 45 or 45B of CTA 2010 and deducted from profits of the separate theatrical trade in a subsequent period, the deduction is to be ignored for the purposes of section 269ZB of CTA 2010 (restriction on deductions from trading profits).]]
Textual Amendments
F1Pt. 15C inserted (17.7.2014 for specified purposes and with effect in accordance with Sch. 4 para. 16 of the amending Act, 22.8.2014 in so far as not already in force) by Finance Act 2014 (c. 26), Sch. 4 paras. 1, 16; S.I. 2014/2228, art. 2
F2Words in s. 1217MA(1) substituted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 40(2)
F3Words in s. 1217MA(2) inserted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 40(3)(a)
F4Words in s. 1217MA(2) substituted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 40(3)(b)
F5S. 1217MA(3) inserted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 40(4)
Modifications etc. (not altering text)
C1S. 1217MA modified by 2010 c. 4, s. 357UF (as inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1)
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