{
  "url": "https://openlegislation.uk/finance-no-2-act-2017/schedule-4/paragraph-52",
  "json_url": "https://openlegislation.uk/finance-no-2-act-2017/schedule-4/paragraph-52.json",
  "legislation": "ukpga/2017/32",
  "legislation_title": "Finance (No. 2) Act 2017",
  "legislation_url": "https://openlegislation.uk/finance-no-2-act-2017",
  "path": "schedule/4/paragraph/52",
  "kind": "paragraph",
  "number": "52",
  "heading": null,
  "text": "(1) Section 321 (supplement in respect of a post-commencement period) is amended as follows.\n(2) In subsection (2) (treatment of supplement as loss etc)—\n(a) in the words before paragraph (a) after “period” insert “ beginning before 1 April 2017 ”, and\n(b) in paragraph (b) after “forward of” insert “ pre-1 April 2017 ”.\n(3) After subsection (2) insert—\n“(2A) Any post-commencement supplement allowed on a claim in respect of a post-commencement period beginning on or after 1 April 2017 is to be treated for the purposes of the Corporation Tax Acts (other than the post-commencement supplement provisions or Part 4 of Schedule 19B to ICTA) as if it were a loss—\n(a) which is incurred in carrying on the ring fence trade in that period, and\n(b) which falls in whole to be used under section 45B (carry forward of post-1 April 2017 trade loss against subsequent trade profits) to reduce trading income from the ring fence trade in succeeding accounting periods.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/52",
    "retrieved_at": "2026-10-29T09:05:16.335265+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."
}