Section 35 | Overview of Part

(1)This Part provides corporation tax relief for—

(a)losses made in a trade (see Chapter 2 as well as the restrictions on relief in Chapter 3 relating to limited partnerships and limited liability partnerships),

(b)losses made in a UK property business or overseas property business (see Chapter 4),

(c)losses made on a disposal of certain shares (see Chapter 5), and

(d)losses made in certain miscellaneous transactions (see Chapter 6).

(2)This Part also provides for the reduction of available relief if there is a write-off of government investment in a company (see Chapter 7).

(3)For rules about the calculation of losses for the purposes of this Part, see—

(a)section 47 of CTA 2009 (losses of a trade calculated on same basis as profits), and

(b)section 210 of CTA 2009 (which applies section 47 of that Act, so that losses of a UK property business or overseas property business are calculated on the same basis as profits).

(4)See also Part 17 of CTA 2009 for rules about how to calculate the losses of a company that is a partner in a partnership.