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Corporation Tax Act 2010

Section 95: Meaning of “carry-forward losses”

327.This section defines the five types of “carry-forward losses”. It is based on section 400(2) to (4) of ICTA.

328.Subsection (2) provides that certain amounts are not to be included in the calculation of “carry-forward losses”. The effect of this is to limit the reduction of loss relief provided for by section 92.

329.Subsection (4) sets out the order in which losses are to be set off against the various “carry-forward losses” set out at subsection (1).

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