# Finance Act 2022, Paragraph 15: Surrender of company’s carried-forward losses for an accounting period

Extent: E+W+S+N.I.

(1) Sub-paragraph (2) applies if—
(a) an adjusted trading loss is carried forward to a surrender period of a surrendering company under Part 1 of this Schedule,
(b) relief under that Part is not given for an amount of the loss (“the unrelieved amount”), and
(c) the company is part of a relief group.
(2) The surrendering company may surrender the unrelieved amount.

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Source: https://www.legislation.gov.uk/ukpga/2022/3/schedule/7/paragraph/15 (the official version)
Page: https://openlegislation.uk/finance-act-2022/schedule-7/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.