Section 1164 | Entitlement to tax credit

(1)A company is entitled to a BLAGAB tax credit for an accounting period if it has a qualifying BLAGAB loss in the period (see section 1165).

(2)For the company to obtain a BLAGAB tax credit in respect of all or part of the qualifying BLAGAB loss it must make a claim.

(3)The amount of a BLAGAB tax credit to which the company is entitled is determined in accordance with section 1166.

(4)See also section 1168, which restricts the carry forward of expenses payable where a company claims a BLAGAB tax credit.