# Corporation Tax Act 2009, Section 127E: Adjustment: cessation of trading


If the farm company permanently ceases to carry on the farming trade before the end of the second consecutive accounting period following period X, step 3 in section 127D is to be replaced by the following two steps—
Step 3
Divide the amount deducted by virtue of step 2 by the number of accounting periods (“the remaining accounting periods”) in which, or in any part of which, the farm company carried on the farming trade, starting with period X.
Step 4
In calculating the profits for each of the remaining accounting periods, include the amount resulting from the division in step 3.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/127E (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-127E
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.