Related Commentary  

1056(1)  This section applies for the purposes of section 1055.

1056(2)  The amount of a trading loss that is “unrelieved” is the amount of the loss reduced by–

(a)any relief that was or could have been obtained by the company making a claim under section 37(3)(a) of CTA 2010 to deduct the loss from total profits of the same accounting period,

(b)any other relief obtained by the company in respect of the loss, including relief under section 37(3)(b) or 42 of CTA 2010 (losses deducted from profits of an earlier accounting period), and

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