Section 357TH | Terminal losses ^F1

(1)Section 1217DC of CTA 2009 (terminal losses) has effect subject as follows.^F1

(2)Where—^F1

(a)a company makes an election under subsection (3) of that section (election to treat terminal loss as loss brought forward of different trade) in relation to all or part of a terminal loss, and^F1

(b)the terminal loss is a Northern Ireland loss,^F1

that subsection has effect as if the reference in it to a loss brought forward were to a Northern Ireland loss brought forward.

(3)Where—^F1

(a)a company makes a claim under subsection (6) of that section (claim to treat terminal loss as loss brought forward by different company) in relation to part or all of a terminal loss, and^F1

(b)the terminal loss is a Northern Ireland loss,^F1

that subsection has effect as if the reference in it to a loss brought forward were to a Northern Ireland loss brought forward.