{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-456",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-456.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/456",
  "kind": "section",
  "number": "456",
  "heading": "Introduction to Chapter",
  "text": "(1) This Chapter applies if—\n(a) for any accounting period a company has a non-trading deficit from its loan relationships under section 301(6), and\n(b) either—\n(i) that accounting period begins before 1 April 2017, or\n(ii) at the end of that accounting period the company is a charity.\n(2) In this Chapter “the deficit” and “the deficit period” mean that deficit and that period respectively (but see section 458(5)).\n(3) Sections 457 and 458 set out the rules about carrying the deficit forward to later accounting periods.\n(4) Sections 459 and 460 deal with claims for the deficit to be dealt with differently.\n(5) Sections 461 to 463 deal with the consequences of such claims.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 456(1) renumbered as s. 456(1)(a) (with effect in accordance with Sch. 4 para. 190 of the amending Act) by virtue of Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 3(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 456(1)(b) and word 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. 3(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/456",
    "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."
}