OT64020 | Transferable tax history - Activation - Total net profits amount

The total net profits amount of an asset is the sum of all the tracked profits amounts (See OT65120) for each accounting period on or after the acquisition, by the purchaser, of the TTH asset.

The tracked profit amount for any individual accounting period may be positive or negative, but the total net profits amount cannot be negative. If the outcome of summing all the tracked profits amounts would otherwise be negative, the total net profits amount is zero.

For guidance on calculating the tracked profits amount for a particular accounting period, see OT65130.