Section 1164 — Corporation Tax Act 2009: Entitlement to tax credit

Entitlement to tax credit 1164 1 A company is entitled to a BLAGAB tax credit for an accounting period if it has a qualifying BLAGAB loss in the period (see section 1165).

2 For the company to obtain a BLAGAB tax credit in respect of all or part of the qualifying BLAGAB loss it must make a claim.

3 The amount of a BLAGAB tax credit to which the company is entitled is determined in accordance with section 1166.

4 See also section 1168, which restricts the carry forward of expenses payable where a company claims a BLAGAB tax credit .