COM50051 - Claims/reliefs: loss and non-trading deficits carry-back: legislation: non-trading deficit c/b & repayment interest
The table below gives a brief explanation of what the legislation relevant to this subject contains.
Section | Explanation |
826(7C) Income and Corporation Taxes Act 1988 | Rules for determining the amount of repayment interest allowable when a non-trading deficit is carried back and set against profits or gains for an earlier Accounting Period (AP). |