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HMRC internal manual

COTAX Manual

HM Revenue & Customs
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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) ICTA 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 AP.