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Section 188FD Other definitionsF1

(1)

In this Part—

  • “the claimant company” has the meaning given by section 188CB(2) or 188CC(2),

  • “the claim period” has the meaning given by section 188CB(2) or 188CC(2),

  • “company” means any body corporate,

  • “group relief for carried-forward losses” has the meaning given by section 188AA(4),

  • “profits” means income and chargeable gains, except in so far as the context otherwise requires,

  • “shock loss” has the meaning given by section 269ZK,

  • “Solvency 2 insurance company” means an insurance company as defined in section 269ZP(2),

  • “the specified loss-making period”, in relation to a claim for group relief for carried forward losses made under section 188CC, has the meaning given by subsection (2) of that section,

  • “the surrenderable amounts” has the meaning given by section 188BB(7),

  • “surrendering company” has the meaning given by 188BB(7), and

  • “the surrender period” has the meaning given by section 188BB(7).

(2)

In this Part, except in so far as the context otherwise requires—

(a)

references to a trade include an office, and

(b)

reference to carrying on a trade include holding an office.

Annotations

Textual amendments

F1

Pt. 5A inserted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 23

Notes on Part 5A

Modifications

C1

Pt. 5A excluded (14.7.2022) by Energy (Oil and Gas) Profits Levy Act 2022 (c. 40), s. 1(5)(e) (with ss. 15(1), 16(1))