OT63030 | Transferable tax history - Effect of a TTH election on the buyer - Decommissioning loss

In order to be a ‘decommissioning loss’ for TTH purposes, the loss must have been made in the company’s ring fence trade, and the loss must be one which is carried back under CTA10\S37 (by virtue of the extended time limits in CTA10\S39 and CTA10\S40) and/or be relieved under CTA10/S42 (see OT21065).