126 Restrictions in respect of non-trading deficit
Finance Act 2012 (2012 c 14) | Legislation

Restrictions

126  Restrictions in respect of non-trading deficit

(1)     The amount of a BLAGAB trade loss for an accounting period of an insurance company that is available for relief under—

(a)     section 37 of CTA 2010 (as applied by section 123), or

(b)     Part 5 of CTA 2010 (group relief) (as applied by section 125),

is to be reduced by the amount of any relevant non-trading deficit which the company has for the accounting period.

[(1A)     A loss falls within subsection

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