{
  "url": "https://openlegislation.uk/finance-act-2019/schedule-15/paragraph-44",
  "json_url": "https://openlegislation.uk/finance-act-2019/schedule-15/paragraph-44.json",
  "legislation": "ukpga/2019/1",
  "legislation_title": "Finance Act 2019",
  "legislation_url": "https://openlegislation.uk/finance-act-2019",
  "path": "schedule/15/paragraph/44",
  "kind": "paragraph",
  "number": "44",
  "heading": null,
  "text": "The total activated TTH amount for a loss period is to be allocated, for the purposes of the application of paragraph 25 in relation to that loss period, to pre-acquisition accounting periods of the purchaser as follows—\nStep 1 Take the most recent pre-acquisition accounting period for which there is an unused transferred profits amount which is greater than nil.\nStep 2 Allocate to that pre-acquisition accounting period an amount equal to the lower of—\n(a)the unused transferred profits amount, and\n(b)the total activated TTH amount held by the purchaser for the loss period.\nStep 3 Allocate to the next most recent pre-acquisition accounting period an amount equal to the lower of—\n(a)the transferred profits amount for that period, and\n(b)the available activated TTH amount for the loss period.\nStep 4 Repeat Step 3 (taking later pre-acquisition accounting periods before earlier ones) until the amount given by paragraph (a) or (b) is nil.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2019/1/schedule/15/paragraph/44",
    "retrieved_at": "2026-10-29T09:04:30.296814+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}