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.
