Finance (No. 2) Act 2017

CTA 2010

147 (1) Section 17 (interpretation of Chapter 4 of Part 2) is amended as follows.

(2) In subsection (2) (meaning of “carried-back amount”)—

(a) after paragraph (a) insert—

“(aa) an amount carried back under section 45F (relief for terminal trade losses),”, and

(b) in paragraph (c) after “459(1)(b)” insert “or 463B(1)(b)”.

(3) In subsection (3) (meaning of “carried-forward amount”)—

(a) in paragraph (a) after “forward of” insert “pre-1 April 2017”,

(b) after paragraph (a) insert—

“(aa) an amount carried forward under section 45A (carry forward of post 1-April 2017 trade loss against total profits),

(ab) an amount carried forward under section 45B (carry forward of post-1 April 2017 trade loss against subsequent trade profits),”, and

(c) in paragraph (i) after “457(3)” insert “, 463G(6) or 463H(4)”.