Related Commentary  Related HMRC Manuals

126(1)  The amount of a BLAGAB trade loss for an accounting period of an insurance company that is available for relief under–

(a)section 37 of CTA 2010 (as applied by section 123), or

(b)Part 5 of CTA 2010 (group relief) (as applied by section 125),

is to be reduced by the amount of any relevant non-trading deficit which the company has for the accounting period.

126(1A)  A loss falls within subsection (1B) so far as it–

(a)would (apart from that subsection) be available for relief under section 124B (excess carried forward post-1 April 2017 losses: relief against total profits), and

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