Part 2 Corporate Capital Loss Deductions: Miscellaneous Provision
Finance Act 2020 (2020 c 14) | Legislation

Part 2 Corporate Capital Loss Deductions: Miscellaneous Provision

Companies without a source of chargeable income: carry back of losses

39

In section 2A of TCGA 1992 (company's total profits to include chargeable gains), after subsection (2) insert—

“(3)     Subsection (4) applies if—

(a)     a company has two or more accounting periods that fall wholly within the same financial year,

(b)     the company is chargeable

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Violent disorder

Violent disorderThe offence of violent disorderViolent disorder can be tried in the magistrates' court or the Crown Court. These offences will normally be dealt with in the Crown Court. However, there may be cases involving minor violence or threats of violence leading to no or minor injury, with

LEXISNEXIS

The tort of deceit

The tort of deceitDeceit—what is it?A deceit occurs when a misrepresentation is made with the express intention of defrauding a party, subsequently causing loss to that party.The elements of a claim in deceit are:•a clear false representation of fact or law•fraud by the maker, in the sense that they

LEXISNEXIS

Fraud by false representation

Fraud by false representationFraud by false representationFraud by false representation applies to a broader range of conduct than the offences under the preceding legislation (the Theft Act 1968 (TA 1968)). No gain or loss need actually be made, and no deception need operate on the mind of the

LEXISNEXIS

Resulting trusts

Resulting trusts represent one of the three types of trust which do not require to be declared or evidenced in writing. The others are constructive and implied trusts, although it is perhaps doubtful whether there is any form of implied trust which is not in fact either a resulting trust or a