# Corporation Tax Act 2010, Section 318: Reduction in respect of unrelieved group ring fence profits


(1) This section applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period.
(2) For the purpose of allocating qualifying pre-commencement expenditure to the pool for that period—
(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
(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.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/318 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-318
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.