CTM40540 | Particular bodies: registered societies: relief for losses carried forward
From HM Revenue & Customs · Company Taxation Manual
The losses of a registered society which are carried forward under may be relieved against the following items of income for the purposes of (trade-related interest and similar, see )
interest brought into the computation of Corporation Tax profits as a trading loan relationship credit, and
foreign investment income.
These sums must be income from investments which would have been taken into account as trading income but for the fact that they are charged under other Parts of .