# Corporation Tax Act 2010, Section 356EB: Carrying forward of unactivated allowance


(1) This section applies where X is greater than Y in the case of an accounting period of a company and a site, where—
X is the closing balance of unactivated allowance for the accounting period and the site;
Y is the company's relevant income for the accounting period from that site.
(2) An amount equal to the difference between X and Y is treated as onshore allowance held by the company for that site for the next accounting period (and is treated as held with effect from the beginning of that period).

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/356EB (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-356EB
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.