Corporation Tax Act 2009 section 1048

Treatment of deemed trading loss under section 1045

Section 1048 explains the restrictions on how a deemed trading loss arising from pre-trading R&D expenditure under the SME scheme can be used, and what happens to any unused portion of that loss when the company eventually starts trading.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.