OT63060 | Transferable tax history - Effect of a TTH election on the buyer - Supplementary Charge

Where a loss of the purchaser is carried back and set against an activated transferred profits amount of an AP, the purchaser may also be entitled to a repayment of Supplementary Charge, provided that an amount of adjusted ring fence profits for the AP in question was also transferred under the original TTH election. The calculation of any such repayment is set out in Part 7 of FA19\Sch15. Guidance is available at OT67030.