# Corporation Tax Act 2010, Section 422: Amount to be nil if basic amount negative


If the basic amount given by the formula in section 421(3) is a negative amount, the amount is taken instead to be nil.

---
Source: https://www.legislation.gov.uk/ukpga/2010/4/section/422 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-422
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.