# Corporation Tax Act 2010, Section 16: Sections 13(2) and 15(5): profit against which carried-forward amount to be set off


(1) This section is about the interpretation of the references in sections 13(2) and 15(5) to the profit against which a carried-forward amount is to be set off, in a case where the carried-forward amount—
(a) is one that is treated as arising in an accounting period later than that in which it in fact arises, and
(b) is accordingly deductible in calculating a profit for that later period.
(2) In such a case, the references are to be read as references to the profit in calculating which the amount is deductible, disregarding the deduction.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/16 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.