CTM40575 - Particular bodies: industrial and provident societies: relief for losses carried forward

ESCC5

The losses of an industrial and provident society which are carried forward under ICTA88/S393 (1) may be relieved against the following items of income for the purposes of ICTA88/S393 (8) (see CTM04250 and ESCC5).

• Interest brought into the computation of CT profits as income under Case III of Schedule D.
• Annual interest received under deduction of tax.
• Interest in respect of Government securities from which tax has been deducted under Schedule C.
• Building society interest received.
• Amounts assessable under Cases IV and V of Schedule D.