# Corporation Tax Act 2010, Section 356NE: Losses

Extent: E+W+S+N.I.

(1) Relief in respect of a loss incurred by the contractor (or an amount of such a loss) may not be given under section 37 (relief for trade losses against total profits) or section 45A (carry forward of post-1 April 2017 trade loss against total profits) against the contractor's ring fence profits except so far as the loss (or amount) arises from oil contractor activities.
(2) Relief in respect of a loss incurred by the contractor may not be given against the contractor's ring fence profits under any provision listed in subsection (3).
(3) The provisions are—
(a) section 753 of CTA 2009 (non-trading losses on intangible fixed assets);
(b) section 62(3) (relief for losses made in UK property business);
(c) section 303C(3) (excess carried forward non-decommissioning losses of ring fence trade: relief against total profits).

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