Section 45D — Corporation Tax Act 2010: Application of section 45B if loss remains after application of section 45A

Application of section 45B if loss remains after application of section 45A 45D 1 This section applies if—

a an amount of a loss made in a trade is carried forward to an accounting period (“the later period”) of a company under section 45A(4),

b any of that amount is not deducted from the company's total profits of the later period on a claim under section 45A(5) or surrendered by way of group relief for carried forward-losses under Part 5A, c the company continues to carry on the trade in the accounting period (“the further period”) after the later period, and d any of the conditions in section 45C(2) is not met.

2 Subsections (2) to (8) of section 45B apply as if—

a references to the unrelieved amount were to so much of the amount carried forward to the later period as is not deducted or surrendered as mentioned in subsection (1)(b),

and b references to the later period were to the further period.