Corporation Tax Act 2010 section 730E

Overview

Section 730E provides an overview of Part 14B, which restricts the circumstances in which a company may claim a tax deduction for a relevant carried-forward loss.

• Part 14B of the Corporation Tax Act 2010 deals with tax avoidance involving carried-forward losses.
• The purpose of the part is to restrict when a company can use a relevant carried-forward loss to reduce its taxable profits.
• The term "relevant carried-forward loss" is a specific defined term, with its meaning set out separately in section 730F.
• These provisions act as anti-avoidance measures, targeting arrangements that seek to exploit carried-forward losses inappropriately.