Related Commentary  Related HMRC Manuals

92(1)  This section applies if an amount of government investment in a company (“the written-off amount”) is written off.

92(2)  The written-off amount is set off against the company's carry-forward losses as at the end of the accounting period ending last before the day of the write-off.

92(3)  If the written-off amount exceeds those losses, the excess is set off against the company's carry-forward losses as at the end of the next accounting period and so on until the whole of the written-off amount has been set off.

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