Related Commentary  Related HMRC Manuals

1218ZDC(1)  This section applies if–

(a)the company ceases to carry on the separate exhibition trade, and

(b)if the company had not ceased to carry on that trade, it could have carried forward an amount under section 45 or 45B of CTA 2010 to be set against profits of that trade in a later period (“the terminal loss”).

Below in this section the company is referred to as “company A” and the separate exhibition trade is referred to as “trade 1”.

1218ZDC(2)  If company A–

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