Section 463H Carry forward of unrelieved deficit against non-trading profitsF1

section 463G would apply but for the fact that the company's investment business became small or negligible in the accounting period mentioned in subsection (3)(b) of that section,

section 463G would apply but for condition D in that section (no carry-forward to an excluded accounting period of a general insurance company), or

the company is a Solvency 2 insurance company and any amount of the deficit would be eligible to be carried forward under section 463G(6) were that amount not a shock loss (see section 463G(4), (12) and (13)).

subsections (6) to (10) of section 463G would apply but for the fact that the company's investment business became small or negligible in the accounting period mentioned in section 463I(1)(c)(ii), or

subsections (6) to (10) of section 463G would apply but for section 463I(1)(d) (no carry-forward under those subsections to an excluded accounting period of a general insurance company).

in a case within paragraph (a) or (b) of subsection (1), is to be interpreted in accordance with section 463G(2);

in a case within paragraph (c) of subsection (1), means the amount mentioned in that paragraph;

in a case within subsection (2), means so much of the deficit mentioned in section 463I(1)(a) as is not set off as mentioned in section 463I(1)(b)(i) or surrendered as mentioned in section 463I(1)(b)(ii).

(in a case within subsection (1)) the deficit period, or

(in a case within subsection (2)) the period mentioned in section 463I(1)(a).

within the period of two years after the end of period 2, or

within such further period as an officer of Revenue and Customs may allow.

cannot be set off under subsection (5) against non-trading profits of that period, or

is the subject of a claim under subsection (7).

references to the unrelieved amount were to the amount mentioned in subsection (9), and

references to—

were to the carry forward period.