Section 1164 Entitlement to tax credit

United Kingdom

(1)

A company is entitled to F1a BLAGAB tax credit for an accounting period if it has a F2qualifying BLAGAB loss in the period (see section 1165).

(2)

For the company to obtain F3a BLAGAB tax credit in respect of all or part of the F4qualifying BLAGAB loss it must make a claim.

(3)

The amount of F5a BLAGAB tax credit to which the company is entitled is determined in accordance with section 1166.

(4)

See also section 1168, which restricts the carry forward of expenses payable where a company claims F6a BLAGAB tax credit.

Annotations

F1: Words in s. 1164(1) substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 201(2)(a)
F2: Words in s. 1164(1) substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 201(2)(b)
F3: Words in s. 1164(2) substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 201(2)(a)
F4: Words in s. 1164(2) substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 201(2)(b)
F5: Words in s. 1164(3) substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 201(3)
F6: Words in s. 1164(4) substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 201(3)

F1: Words in Pt. 14 heading inserted (with effect in accordance with Sch. 7 paras. 27, 28 of the amending Act) by Finance Act 2009 (c. 10), Sch. 7 para. 2

F1: Words in Pt. 14 Ch. 4 heading substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 195

F1: Words in s. 1164 cross-heading substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 200