Related Commentary  Related HMRC Manuals

History

In the heading, the words “pre-1 April 2017” inserted by F(No. 2)A 2017, s. 18 and Sch. 4, para. 10(2), with effect in relation to accounting periods beginning on or after 1 April 2017, subject to the commencement provisions in F(No. 2)A 2017, Sch. 4, para. 190(2)–(3) and 191–192, and the transitional provisions in F(No. 2)A 2017, Sch. 4, para. 194.


45(1)  This section applies if, in an accounting period beginning before 1 April 2017, a company carrying on a trade makes a loss in the trade.

45(2)  Relief for the loss is given to the company under this section.

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