Statute
Section 1217MA — Finance Act 2014: Restriction on use of losses before completion period
Text of the provision Official document
Restriction on use of losses before completion period 1217MA 1 Subsection (2) applies if a loss is made by the company in the separate theatrical trade in an accounting period preceding the completion period.
2 The loss is not available for loss relief, except to the extent that the loss may be carried forward under section 45 of CTA 2010 to be set against profits of the separate theatrical trade in a subsequent period.
Official source: legislation.gov.uk
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