SolvedCOM50132 | Claims/reliefs: loss and non-trading deficits carry-back: legislation: trade loss carry-back, leap year
From HM Revenue & Customs · COTAX Manual
The table below gives a brief explanation of what the legislation relevant to this subject contains.
| Section | Explanation |
| 87A(6) TMA 1970 | Rules for determining the amount of late payment interest payable when a trade loss is carried back to an AP not falling wholly within the previous 12 months. |
| 826(7A) ICTA 1988 | Rules for determining the amount of repayment interest allowable when a trade loss is carried back to an AP not falling wholly within the previous 12 months. |