# Corporation Tax Act 2010, Section 680: Restriction on the carry forward of non-trading deficit from loan relationships


(1) This section has effect for the purpose of restricting the carry forward of a non-trading deficit from the company's loan relationships under Part 5 of CTA 2009 (loan relationships).
(2) Subsection (3) applies if the non-trading deficit in column 1 of row 4 of the table in section 685(2) is apportioned in accordance with section 685(2) to the first notional accounting period.
(3) None of that non-trading deficit may be carried forward to—
(a) the accounting period beginning immediately after the change in ownership, or
(b) any subsequent accounting period.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/680 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-680
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.