{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-1217RH",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-1217RH.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/1217RH",
  "kind": "section",
  "number": "1217RH",
  "heading": "Amount of surrenderable loss",
  "text": "(1) The company's surrenderable loss in the accounting period is—\n(a) the company's available loss for the period in the separate orchestral trade (see subsections (2) and (3)), or\n(b) if less, the available qualifying expenditure for the period (see subsections (4) and (5)).\n(2) The company's available loss for an accounting period is—\nL + RULwhere—\nL is the amount of the company's loss for the period in the separate orchestral trade, and\nRUL is the amount of any relevant unused loss of the company (see subsection (3)).\n(3) The “relevant unused loss” of a company is so much of any available loss of the company for the previous accounting period as has not been—\n(a) surrendered under section 1217RG, or\n(b) carried forward under section 45 or 45B of CTA 2010 and set against profits of the separate orchestral trade.\n(4) For the first period of account during which the separate orchestral trade is carried on, the available qualifying expenditure is the amount that is E for that period for the purposes of section 1217RE(2).\n(5) For any period of account after the first, the available qualifying expenditure is—\nE − Swhere—\nE is the amount that is E for that period for the purposes of section 1217RE(3), and\nS is the total amount previously surrendered under section 1217RG.\n(6) If a period of account of the separate orchestral trade does not coincide with an accounting period, any necessary apportionments are to be made by reference to the number of days in the periods concerned.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "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"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 1217RH(3)(b) inserted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 143"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "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)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/1217RH",
    "retrieved_at": "2026-10-29T09:11:19.560467+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}