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Legislation
Corporation Tax Act 2010

CHAPTER 2A Post-1 April 2017 losses: Further cases involving a change in the company's activities

  • Section 676AA Introduction to Chapter
  • Section 676AB Priority of provisions of Chapters 2 and 3 over this Chapter
  • Section 676AC “Major change in the business” of a company
  • Section 676AD Notional split of accounting period in which change in ownership occurs
  • Section 676AE “Affected profits”
  • Section 676AF Restriction on use of carried-forward post-1 April 2017 trade losses
  • Section 676AG Restriction on debits to be brought into account
  • Section 676AH Restriction on the carry forward of post-1 April 2017 non-trading deficit from loan relationships
  • Section 676AI Restriction on relief for post-1 April 2017 non-trading loss on intangible fixed assets
  • Section 676AJ Restriction on deduction of post-1 April 2017 expenses of management
  • Section 676AK Restriction on use of post-1 April 2017 UK property business losses
  • Section 676AL “Co-transferred company” and “related company”
  1. Chapter 2A
  2. Priority of provisions of Chapters 2 and 3 over this Chapter

Section 676AB | Priority of provisions of Chapters 2 and 3 over this Chapter

From legislation.gov.uk

(1)If and so far as —

(a)a relevant provision of this Chapter, and

(b)a relevant provision of Chapter 2 or 3,

would each (if the other provision were ignored) apply in relation to the same loss or other amount, the relevant provision of this Chapter does not apply in relation to that amount.

(2)In this section “relevant provision”—

(a)in relation to this Chapter means any of the provisions of sections 676AF to 676AK;

(b)in relation to Chapters 2 and 3 means any of the provisions of sections 674 and 679 to 683.

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