Related Commentary  Related HMRC Manuals

45B(1)  This section applies if–

(a)in an accounting period (“the loss-making period”) beginning on or after 1 April 2017 a company carrying on a trade makes a loss in the trade,

(b)relief under section 37 or 42 or Part 5 (group relief) is not given for an amount of the loss (“the unrelieved amount”),

(c)the company continues to carry on the trade in the next accounting period (“the later period”), and

(d)case 1, 2 or 3 applies.

Case 1 is that any of the conditions in section 45A(3) are not met.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.