# Corporation Tax Act 2010, Section 356HA: Reduction of allowance if equity disposed of


(1) The following amount is to be deducted, in accordance with section 356GD(1), in calculating the total amount of unactivated allowance attributable to a reference period and a site—
F × E1 − E2 E1where—
F is the pre-transfer total of unactivated allowance for the reference period that ends with the day on which the disposal is made;
E1 is the transferor's share of the equity in the licensed area immediately before the disposal;
E2 is the transferor's share of the equity in the licensed area immediately after the disposal.
(2) The “pre-transfer total of unactivated allowance” for a reference period is—
P + Qwhere P and Q are the same as in section 356GD.

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