Section 357QH — Corporation Tax Act 2010: Transfer of terminal loss

Transfer of terminal loss 357QH 1 Subsection (2) applies if—

a the Northern Ireland company ceases to carry on the separate trade in the accounting period, b as a result, section 1179BG of CTA 2009 (transfer of terminal loss in separate production trade to other production or group company) applies, and c the amount in respect of which it applies (see subsection (1) (b) of that section) represents a Northern Ireland loss.

2 The references to a loss in subsections (2) and (3) (b) of that section are to be read as references to a Northern Ireland loss.