# Corporation Tax Act 2009, Section 197: Further rules about allowable deductions


(1) An amount may not be deducted more than once under section 196.
(2) A deduction under that section of a loss must be made from post-cessation receipts charged for an earlier accounting period in preference to those charged for a later accounting period.
(3) But this does not authorise the deduction of a loss from post-cessation receipts charged for an accounting period before the accounting period in which the loss is made.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/197 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-197
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.