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Corporation Tax Act 2010

Corporation Tax Act 2010

2010 CHAPTER 4

Introduction

Part 22: Miscellaneous provisions

Chapter 1: Transfers of trade without a change of ownership
Section 944: Modified application of Chapter 2 of Part 4

2802.This section modifies the application of the Chapter of this Act giving relief for trade losses. It is based on section 343(1), (3) and (4A) of ICTA.

2803.If this Chapter applies to a transfer of a trade, subsection (2) disapplies the terminal loss rules and subsection (3) entitles the successor to relief for trade losses carried forward.

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