Corporation Tax Act 2010 section 329P

Onshore ring fence losses

Section 329P dealt with onshore ring fence losses for corporation tax purposes, but has been repealed along with the entire Chapter 5A in which it sat.

• Section 329P was part of Chapter 5A (sections 329A–329T) of the Corporation Tax Act 2010, which addressed onshore ring fence losses.
• The entire Chapter 5A was repealed by Finance Act 2015 (section 47, Schedule 11, paragraph 13).
• The repeal took effect in relation to accounting periods ending on or after 5 December 2013.
• As a result, section 329P no longer has any operative effect for current or future accounting periods.