{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-725",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-725.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/725",
  "kind": "section",
  "number": "725",
  "heading": "Reversal of previous accounting loss",
  "text": "(1) This section applies if—\n(a) in a period of account a gain is recognised in determining the company's profit or loss (“the recognised gain”),\n(b) the gain wholly or partly reverses a loss recognised in a previous period of account (“the reversed loss”), and\n(c) a debit was brought into account for tax purposes under Chapter 3 (debits in respect of intangible fixed assets) in respect of that loss (“the tax debit”).\n(2) A corresponding credit must be brought into account for tax purposes.\n(3) The amount of the credit is—\nRG×DRLwhere—\nRG is the recognised gain,\nD is the tax debit, and\nRL is the reversed loss.\n(4) This section does not apply to a gain on a revaluation within the meaning of section 723 (see subsection (5) of that section).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/725",
    "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."
}