{
  "url": "https://openlegislation.uk/finance-act-2025/schedule-5/paragraph-17",
  "json_url": "https://openlegislation.uk/finance-act-2025/schedule-5/paragraph-17.json",
  "legislation": "ukpga/2025/8",
  "legislation_title": "Finance Act 2025",
  "legislation_url": "https://openlegislation.uk/finance-act-2025",
  "path": "schedule/5/paragraph/17",
  "kind": "paragraph",
  "number": "17",
  "heading": "Carry-forward of losses: corporation tax",
  "text": "(1) This paragraph applies if—\n(a) a company is treated as carrying on in its last accounting period to begin before 1 April 2025 a single trade by virtue of—\n(i) section 65(3) of CTA 2010 (UK furnished holiday lettings businesses), or\n(ii) section 67A(3) of that Act (EEA furnished holiday lettings businesses),\n(b) the company has made a loss in that trade in that accounting period or a previous one,\n(c) but for the provision of this Schedule, all or part of the loss would fall to be carried forward under section 45 of CTA 2010 to an accounting period beginning on or after 1 April 2025, and\n(d) the company carries on a corresponding property business in its accounting period beginning on 1 April 2025 (see paragraph 15).\n(2) The loss or the part of the loss that would otherwise fall to be carried forward as mentioned in sub-paragraph (1)(c) is to be treated for the purposes of the relevant relieving provision as if it had been made by the company in its corresponding property business.\n(3) For the purposes of this paragraph as it applies in relation to a trade a company is treated as carrying on by virtue of section 65(3) of CTA 2010—\n(a) “corresponding property business” means a UK property business (within the meaning given by section 205 of CTA 2009), and\n(b) “the relevant relieving provision” means section 62(5) of CTA 2010 (relief for losses made in UK property business).\n(4) For the purposes of this paragraph as it applies in relation to a trade a company is treated as carrying on by virtue of section 67A(3) of CTA 2010—\n(a) “corresponding property business” means an overseas property business (within the meaning given by section 206 of CTA 2009), and\n(b) “the relevant relieving provision” means section 66(3) of CTA 2010 (relief for losses made in overseas property business).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2025/8/schedule/5/paragraph/17",
    "retrieved_at": "2026-10-29T08:47:01.939707+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."
}