Section 1216DA | Restriction on use of losses while programme in production

(1)This section applies if in a pre-completion period a loss is made in the separate programme trade.

(2)The loss is not available for loss relief except to the extent that it may be carried forward under section 45 or 45B of CTA 2010 to be deducted from profits of the separate programme trade in a subsequent period.

(3)If the loss is carried forward under section 45 or 45B of CTA 2010 and deducted from profits of the separate programme trade in a subsequent period, the deduction is to be ignored for the purposes of section 269ZB of CTA 2010 (restriction on deductions from trading profits).