Related Commentary  Related HMRC Manuals

1217SA(1)  This section applies if a loss is made by the company in the separate orchestral trade in an accounting period preceding the completion period.

1217SA(2)  The loss is not available for loss relief, except to the extent that the loss may be carried forward under section 45 or 45B of CTA 2010 to be deducted from profits of the separate orchestral trade in a subsequent period.

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