CTM40540 - Particular bodies: registered societies: relief for losses carried forward
CTA10/S47
»Ê¹ÚÌåÓýapp losses of a registered society which are carried forward under CTA10/S45 may be relieved against the following items of income for the purposes of CTA10/S46 (trade-related interest etc â€� see CTM04250):
- interest brought into the computation of CT profits as a trading loan relationship credit
- foreign investment income.
»Ê¹ÚÌåÓýappse sums must be income from investments which would have been taken into account as trading income but for the fact that they are charged under other Parts of CTA09.