Related Commentary  Related HMRC Manuals

1218ZCH(1)  A company which qualifies for museums and galleries exhibition tax relief in relation to the production of an exhibition may claim a museums and galleries exhibition tax credit in relation to the production for an accounting period in which the company has a surrenderable loss.

1218ZCH(2)  Section 1218ZCI sets out how to calculate the amount of any surrenderable loss that the company has in the accounting period.

1218ZCH(3)  A company making a claim may surrender the whole or part of its surrenderable loss in the accounting period.

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