# Finance Act 2012, Paragraph 32


(1) This paragraph applies if, but for this Part of this Act, an amount would have been carried forward to an accounting period of an insurance company under section 76(12) or (13) of ICTA (expenses of insurance companies).
(2) The amount is to be treated for the purposes of step 5 of section 76 as an expense from a previous accounting period carried forward as a result of section 73 to the accounting period of the company beginning on 1 January 2013.

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/17/paragraph/32 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-17/paragraph-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.