# Finance Act 2019, Paragraph 53


(1) The “activated ARFP amount” for a pre-acquisition accounting period is the amount equal to—
( A / T ) × ARFPwhere—
A is the amount applied, in relation to the loss period, in accordance with paragraph 25(2)(b) or (3)(b) for the pre-acquisition accounting period,
T is the unused transferred profits amount for that period, and
(2) In sub-paragraph (1), “unused transferred profits amount” has the same meaning as it has for the purposes of Steps 1 and 2 of paragraph 44 (see paragraph 46).
(3) Sub-paragraph (4) applies if, in respect of an earlier loss period—
(a) an activated transferred profits amount for the pre-acquisition accounting period mentioned in paragraph 26(1) is applied in accordance with paragraph 25(2)(b) or (3)(b), and
(b) a corresponding repayment is determined under paragraph 26(2) (an “earlier repayment”).
(4) The amount of the transferred adjusted ring fence profits for the pre-acquisition accounting period is treated, for the purposes of sub-paragraph (1), as being reduced by an amount equal to the total of the activated ARFP amounts for that period for the purposes of each earlier repayment.

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Source: https://www.legislation.gov.uk/ukpga/2019/1/schedule/15/paragraph/53 (the official version)
Page: https://openlegislation.uk/finance-act-2019/schedule-15/paragraph-53
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.