C1Part 4Loss relief
Chapter 2Trade losses
Introduction
36Introduction to Chapter
F11
This Chapter provides relief for a loss made by a company in a trade (see sections 37 to 47)
2
This Chapter also provides for restrictions on relief for the following cases—
a
farming or market gardening (sections 48 to 51),
b
dealings in commodity futures (section 52),
c
leasing contracts and company reconstructions (section 53), and
d
receipts of interest, dividends and royalties by a non-UK resident company (section 54).
3
In this Chapter references to a company carrying on a trade are references to the company carrying on the trade so as to be within the charge to corporation tax in relation to the trade.
4
In this Chapter, except in so far as the context otherwise requires—
a
references to a trade include an office, and
b
references to carrying on a trade include holding an office.
Pt. 4 modified (with effect in accordance with reg. 1(2) of the amending S.I.) by The Risk Transformation (Tax) Regulations 2017 (S.I. 2017/1271), regs. 1(1), 10