Corporation Tax Act 2010 section 269CF

Losses arising in company's start-up period

Section 269CF excludes losses arising during a banking company's start-up period from the restrictions on carried-forward loss relief that apply to banking companies, ensuring that expenses incurred while entering the banking sector are not subject to these restrictions.

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.