OT26160 - Capital allowances: ring fence expenditure supplement: ring fence losses and qualifying and non-qualifying E&A losses
CTA2010\S323, CTA2010\S324
The starting point for a claim to post-commencement RFES for an accounting period is a loss arising in the ring fence trade in the period that could be carried forward under CTA2010\S45, S45B and S303B and set against future trading profits.
The company is then assumed to have made every possible claim under CTA2010\S37 to set losses of the period against ring-fence profits of earlier post-commencement periods. This applies whether or not a claim under CTA2010\S37 is actually made.
The balance of the ring fence trading loss after those assumed CTA2010\S37 claims is the 바카라 사이트˜ring fence loss바카라 사이트™ of the accounting period. This amount is added to the 바카라 사이트˜ring fence pool바카라 사이트™ for the period of loss.
Special rules apply to determine the 바카라 사이트˜ring fence loss바카라 사이트™ where the loss in the ring fence trade arises in the part of the straddling period that begins on 1 January 2006 (the 바카라 사이트˜deemed accounting period바카라 사이트™). These are explained in OT26165.