# Corporation Tax Act 2010, Section 937I: A company's losses pool and profits pool


(1) The amount of a company's losses pool for a risk transfer scheme as at the beginning of an accounting period (“the current accounting period”) is—
A+B–Cwhere—
A is—
(a)the amount of the pool as at the beginning of the previous accounting period, or
(b)if the risk transfer scheme began in the current accounting period, nil,
B is the total amount, if any, of ring-fenced scheme losses made in the previous accounting period in relation to the scheme by the company that, as a result of the application of section 937G(2) or (3), are not brought into account in that period, and
C is the total amount (if any) that, as a result of the application of section 937H(2) or (3), is brought into account in the previous accounting period in relation to the scheme by the company.
(2) The amount of a company's profits pool for a risk transfer scheme as at the beginning of an accounting period (“the current accounting period”) is—
A+B–Cwhere—
A is—
(a)the amount of the pool as at the beginning of the previous accounting period, or
(b)if the risk transfer scheme began in the current accounting period, nil,
B is—
(a)the total of any relevant scheme profits made in the previous accounting period in relation to the scheme by the company, less
(b)the total amount (if any) that, as a result of the application of section 937H(2) or (3), is brought into account in that accounting period in relation to the scheme by the company, and
C is the total amount (if any) of ring-fenced scheme losses made in the previous accounting period in relation to the scheme by the company that, as a result of the application of section 937G(3) or (5), are brought into account in that period.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/937I (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-937I
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.