Section 1179CF — Corporation Tax Act 2009: Priority of discharge

Priority of discharge 1179CF 1 An amount within subsection (2) is to be applied as described in that subsection before any amount within subsection (3) is applied as described in that subsection.

2 An amount is within this subsection if it is to be applied under—

a section 1179CD (4) , or b section 1179CE (3) as it applies in relation to an amount surrendered under section 1179CD (2) or (5) , in discharging the liability of a company to pay corporation tax for an accounting period.

3 An amount is within this subsection if it is to be (or would but for subsection (1) be) applied under—

a section 1179CC , or b section 1179CE (3) as it applies in relation to an amount surrendered under section 1179CC , in discharging the same liability as an amount within subsection (2) .