C2F4PART 15DOrchestra tax relief
Annotations:
Amendments (Textual)
Modifications etc. (not altering text)
C2
Pt. 15D modified (with application in accordance with s. 19(1)(4) of the amending Act) by Finance Act 2022 (c. 3), s. 19(1)(4)
CHAPTER 4Losses of separate orchestral trade
C11217SARestriction on use of losses before completion period
1
F2This section applies if a loss is made by the company in the separate orchestral trade in an accounting period preceding the completion period.
2
F13
If the loss is carried forward under section 45 or 45B of CTA 2010 and deducted from profits of the separate orchestral trade in a subsequent period, the deduction is to be ignored for the purposes of section 269ZB of CTA 2010 (restriction on deductions from trading profits).
Pt. 15D inserted (with effect in accordance with Sch. 8 para. 17(1)(a) of the amending Act) by Finance Act 2016 (c. 24), Sch. 8 para. 1