# Finance Act 2019, Paragraph 44


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—
Step 1 Take the most recent pre-acquisition accounting period for which there is an unused transferred profits amount which is greater than nil.
Step 2 Allocate to that pre-acquisition accounting period an amount equal to the lower of—
(a)the unused transferred profits amount, and
(b)the total activated TTH amount held by the purchaser for the loss period.
Step 3 Allocate to the next most recent pre-acquisition accounting period an amount equal to the lower of—
(a)the transferred profits amount for that period, and
(b)the available activated TTH amount for the loss period.
Step 4 Repeat Step 3 (taking later pre-acquisition accounting periods before earlier ones) until the amount given by paragraph (a) or (b) is nil.

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Source: https://www.legislation.gov.uk/ukpga/2019/1/schedule/15/paragraph/44 (the official version)
Page: https://openlegislation.uk/finance-act-2019/schedule-15/paragraph-44
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.