OT63050 | Transferable tax history - Effect of a TTH election on the buyer - Repayment

Where a loss of the purchaser has been set against an activated transferred profit amount in an accounting period in accordance with Part 4 of FA19\Sch15, the purchaser shall be entitled to a repayment of the ring fence corporation tax paid in respect of that amount of profit by the seller.

Repayment cannot be made to both the purchaser and the seller in respect of any amount.