Related Commentary  Related HMRC Manuals

1217SB(1)  Subsection (2) applies if a loss made in the separate orchestral trade is carried forward under section 45 or 45B of CTA 2010 to the completion period.

1217SB(2)  So much (if any) of the loss as is not attributable to orchestra tax relief (see subsection (4)) may be treated for the purposes of section 37 and Part 5 of CTA 2010 as if it were a loss made in the completion period.

1217SB(3)  If a loss is made in the separate orchestral trade in the completion period, the amount of the loss that may be–

(a)deducted from total profits of the same or an earlier period under section 37 of CTA 2010, or

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