{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-318",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-318.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/318",
  "kind": "section",
  "number": "318",
  "heading": "Reduction in respect of unrelieved group ring fence profits",
  "text": "(1) This section applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period.\n(2) For the purpose of allocating qualifying pre-commencement expenditure to the pool for that period—\n(a) find so much (if any) of amount E for that period as remains after any reduction falling to be made under section 317, and\n(b) reduce that amount (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/318",
    "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."
}