Section 1216CI | Surrendering of loss and amount of television tax credit ^F1

(1)The company may surrender the whole or part of its surrenderable loss in an accounting period.

(2)If the company surrenders the whole or part of that loss, the amount of the television tax credit to which it is entitled for the accounting period is 25% of the amount of the loss surrendered.

(3)The company's available loss for the accounting period is reduced by the amount surrendered.