OT21050 - Corporation Tax Ring Fence: Losses and Group Relief: Loss Relief Restrictions
CTA10\S304(1)
»Ê¹ÚÌåÓýapp usual reliefs for trading losses are available to petroliferous companies but there are certain restrictions because of the ring fence. »Ê¹ÚÌåÓýappse restrictions ensure that non-ring fence losses are not allowed against ring fence profits.
Additionally, from 1 April 2017, the quantum of the relief for carried forward losses is restricted in some circumstances (CTM04800).