# Corporation Tax Act 2010, Section 676AK: Restriction on use of post-1 April 2017 UK property business losses


(1) This section has effect for the purpose of restricting relief under sections 62 and 63 for a relevant UK property business loss made by the transferred company.
(2) In this section “relevant UK property business loss” means a loss made in a UK property business in an accounting period beginning—
(a) on or after 1 April 2017, and
(b) before the change in ownership.
(3) In relation to a relevant UK property business loss, relief under section 62(3) is available only in relation to each of the notional accounting periods considered separately.
(4) A relevant UK property business loss may not be deducted as a result of section 62(5) or 63(3) from affected profits of an accounting period ending after the change in ownership.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/676AK (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-676AK
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.