[124B Excess carried forward post-1 April 2017 losses: relief against total profits]
Finance Act 2012 (2012 c 14) | Legislation

[124B  Excess carried forward post-1 April 2017 losses: relief against total profits]

[(1)     This section applies if—

(a)     an amount of an insurance company's BLAGAB trade loss for an accounting period is carried forward to an accounting period of the company (“the later period”) under section 124A(2) or 124C(3), and

(b)     any of that amount (“the unrelieved amount”) is not deducted under section 124A(5) or 124C(6) (as the case may be) from the company's BLAGAB trade profit (if any) of the later period.

(2)     The company may make a claim for relief to be given for the unrelieved amount under this section.

(3)

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