Related Commentary  

1164(1)  A company is entitled to a BLAGAB tax credit for an accounting period if it has a qualifying BLAGAB loss in the period (see section 1165).

1164(2)  For the company to obtain a BLAGAB tax credit in respect of all or part of the qualifying BLAGAB loss it must make a claim.

1164(3)  The amount of a BLAGAB tax credit to which the company is entitled is determined in accordance with section 1166.

1164(4)  See also section 1168, which restricts the carry forward of expenses payable where a company claims a BLAGAB tax credit.


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