{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/schedule-1/paragraph-667",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/schedule-1/paragraph-667.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "schedule/1/paragraph/667",
  "kind": "paragraph",
  "number": "667",
  "heading": null,
  "text": "(1) Amend section 1048 (treatment of deemed trading loss under section 1045) as follows.\n(2) In subsection (2)—\n(a) for “set off against” substitute “ deducted from ”, and\n(b) for “section 393A(1)(b) or 393B(3) of ICTA” substitute “ section 37(3)(b) or 42 of CTA 2010 ”.\n(3) In subsection (4)—\n(a) in paragraph (b) for “section 403(1) of ICTA (surrender of relief to group or consortium members)” substitute “ Part 5 of CTA 2010 (group relief) ”, and\n(b) in the words after that paragraph for “section 393 of ICTA” substitute “ section 45 of CTA 2010 ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/667",
    "retrieved_at": "2026-10-29T09:10:29.433154+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."
}