{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-269ZJ",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-269ZJ.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/269ZJ",
  "kind": "section",
  "number": "269ZJ",
  "heading": "Exclusion of shock losses from restrictions",
  "text": "(1) If a shock loss is—\n(a) carried forward to an accounting period of an insurance company (see section 269ZP(2)), and\n(b) deducted under section 45B (post-1 April 2017 trade losses carried forward against trade profits),\nthe deduction is to be treated as not falling within section 269ZB(3).\n(2) If a shock loss is—\n(a) carried forward to an accounting period of an insurance company, and\n(b) deducted under section 463H of CTA 2009 (carry forward of unrelieved non-trading deficit from loan relationships against non-trading profits),\nthe company is to be treated for the purposes of sections 269ZC and 269ZD(2)(b)(ii) as not having made that deduction.\n(3) If an insurance company makes a deduction of (or in respect of) a shock loss, that deduction is not a “relevant deduction” for the purposes of section 269ZD (restriction on deductions from total profits).\n(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 7ZA 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. 16"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 269ZJ(4) omitted (with effect in accordance with Sch. 10 para. 32 of the amending Act) by virtue of Finance Act 2019 (c. 1), Sch. 10 para. 10"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/269ZJ",
    "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."
}