Related Commentary  Related HMRC Manuals

269ZF(1)  A companyʼs “relevant trading profits” for an accounting period are–

(a)the companyʼs qualifying trading profits for the accounting period (see subsection (3)), less

(b)the companyʼs trading profits deductions allowance for the accounting period (see section 269ZB(7)).

But if the allowance mentioned in paragraph (b) exceeds the profits mentioned in paragraph (a), the companyʼs “relevant trading profits” for the accounting period are nil.

269ZF(2)  A companyʼs “relevant non-trading profits” for an accounting period are–

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