Corporation Tax Act 2010 section 63

Company with investment business ceasing to carry on UK property business

Section 63 provides a relaxation of the loss carry-forward rules where a company with investment business ceases to carry on a UK property business but continues as an investment company, allowing unrelieved UK property business losses to be converted into deductible management expenses.

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.