# Corporation Tax Act 2010, Section 100: Meaning of “trading loss”


(1) In section 99(1)(a) “trading loss” means a loss made in a trade in the surrender period.
(2) But it does not include—
(a) a loss made in a trade carried on wholly outside the United Kingdom, or
(b) a loss that is not eligible for relief under section 37 as a result of section 44 or 48.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/100 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-100
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.