C1C2Part 4Loss relief

Annotations:
Modifications etc. (not altering text)
C1

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

Chapter 2Trade losses

Carry forward of trade loss relief

47F1Registered societies

1

This section applies for the purposes of F3sections 45 and 45B if the company carrying on the trade is a F2registered society .

2

The following amounts may be brought into account in calculating the profits of the trade—

a

amounts to which the charge to corporation tax on income applies under section 299 of CTA 2009 (charge to tax on non-trading profits from loan relationships), and

b

amounts arising from possessions out of the United Kingdom to which the charge to corporation tax on income applies under section 933 of CTA 2009 (dividends of non-UK resident company) or under section 974 of that Act (income arising from foreign holdings).