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Legislation

Finance Act 2012

Crossheading The reliefs

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Section 123 Relief for BLAGAB trade losses against total profits
Section 124 Carry forward of pre-1 April 2017 BLAGAB trade losses against subsequent profits
Section 124A Carry forward of post-1 April 2017 BLAGAB trade losses against subsequent profits
Section 124B Excess carried forward post-1 April 2017 losses: relief against total profits
Section 124C Further carry forward against subsequent profits of post-1 April 2017 loss not fully used
Section 124D Restriction on deductions from BLAGAB trade profits
Section 124E Section 124D: shock losses excluded from the restriction
Section 125 Group relief

The reliefs
Restriction on deductions from BLAGAB trade profits

Section 124D | Restriction on deductions from BLAGAB trade profits

From legislation.gov.uk

Provision repealed

The source marks this provision as repealed and does not provide content for this version.

Repealed^F1

Notes

F1
S. 124D omitted (with effect in accordance with Sch. 10 para. 32 of the amending Act) by virtue of Finance Act 2019 (c. 1), Sch. 10 para. 20