Part 14Change in company ownership
Chapter 3Company with investment business: restrictions on relief: general provision
Restrictions on relief
681Restriction on relief for non-trading loss on intangible fixed assets
1
This section has effect for the purpose of restricting relief under section 753 of CTA 2009 (treatment of non-trading losses) in respect of a non-trading loss on intangible fixed assets.
2
Relief under section 753 of CTA 2009 against the total profits of the same accounting period is available only in relation to each of the notional accounting periods considered separately.
3
A non-trading loss on intangible fixed assets for an accounting period beginning before the change in ownership may not be—
a
carried forward under section 753(3) of that Act to an accounting period ending after the change in ownership, or
b
treated under that section as if it were a non-trading debit of that period.