The total profits of the relevant accounting period of a company may be reduced by any of the following:

(1)charges on income,

(2)expenses of management,

(3)losses relievable under CTA10/S37,

(4)group relief, including amounts in respect of a non-trading deficit on loan relationships of the surrendering company which are treated as eligible for group relief under or in respect of a non-trading loss on intangible fixed assets of the surrendering company treated as eligible for group relief (see CTA10/S99).

(5)capital allowances under CAA01/S260(3)

(6)a deficit within Chapter 16 of Part 5 of CTA09 (non-trading deficit on loan relationship

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