# Finance (No. 2) Act 2017, Paragraph 5


(1) Section 753 of CTA 2009 (treatment of non-trading loss) is amended as follows.
(2) In subsection (3) (carry forward of non-trading loss)—
(a) in the words before paragraph (a), after “not” insert “ , in any period (“the reference period”) ”;
(b) in the words after paragraph (b) for “debit of” substitute “ loss on intangible fixed assets for ”.
(3) After subsection (3) insert—
“(4) But subsection (3) does not apply if the company ceased to be a company with investment business in the reference period.
(5) In the application of subsection (3) to an amount of a loss previously carried forward under that subsection, the reference in paragraph (b) to group relief under Part 5 of CTA 2010 is to be read as a reference to group relief for carried-forward losses under Part 5A of that Act.
(6) In this section “company with investment business” has the same meaning as in Part 16 (see section 1218B).”

---
Source: https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2017/schedule-4/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.