Section 944 — Corporation Tax Act 2010: Modified application of section 45

Modified application of section 45 944 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 If this Chapter applies to a transfer of a trade, relief under section 45 (carry forward of pre-1 April 2017 trade loss against subsequent trade profits) is given to the successor in relation to a loss—

a which is made by the predecessor in the transferred trade, and b for which relief would have been given under that section to the predecessor had it continued to carry on that trade.

4 Subsection (3) is subject to—

a any claim made by the predecessor under section 37 (including a case where section 42 applies), and ab any claim made by the predecessor under section 45F in reliance on subsection (2) of section 944C, b section 945.