Part 2 Other Amendments of CTA 2010
Finance Act 2021 (2021 c 26) | Legislation

Part 2 Other Amendments of CTA 2010

Amendments of section 137 of CTA 2010

4

In section 137 of CTA 2010 (deductions from total profits for claims for group relief), in subsection (5)—

(a)     omit paragraph (d);

(b)     at the end insert—

“(e)     of a type to which section 269ZB(2), 269ZBA(2), 269ZC(2) or 269ZD(2) of Part 7ZA (restrictions on deductions for carried-forward losses and other amounts) could apply.”

Amendments of Part 5A of CTA 2010

5

Part 5A of CTA 2010 (group relief for carried-forward losses) is amended as follows.

6

In section 188BE (restriction on surrendering losses etc where surrendering company could use them itself), for the existing text substitute—

“The surrendering company may not surrender under this Chapter any loss or other amount carried forward to the surrender period to the extent that the loss or other amount could be deducted from the total profits of the company for the period at Step 2 of section 4(2).”

7

(1)

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