# Corporation Tax Act 2010, Section 357E: Company with relevant IP losses: set-off amount


Where a company would be entitled to make a deduction under section 357A(2) in calculating the profits of a trade of the company for an accounting period but for the fact that there are relevant IP losses of the trade for the accounting period, there is a “set-off amount” in relation to the trade of the company for the accounting period which is equal to the amount of the relevant IP losses.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/357E (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-357E
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.