Corporation Tax Act 2010 section 730A

Overview

Section 730A provides an overview of Part 14A of the Corporation Tax Act 2010, which restricts the circumstances in which deductible amounts may be used where there has been a qualifying change in relation to a company.

• Part 14A deals with the transfer of deductions and places limits on when certain tax deductions can be claimed.
• The restrictions apply where there has been a "qualifying change" in relation to a company — broadly, a significant change such as a change in ownership or structure.
• The amounts affected are "deductible amounts" — items that would otherwise reduce a company's taxable profits.
• The detailed definitions of "deductible amount" and "qualifying change" are set out separately in section 730B.