Introduction Summary
1.This section describes the circumstances in which no taxable profits arise in an accounting period to a company to which sections 80 or 81 apply. The actual provision condition, as defined in section 82, has to be met. There are two further tests, either of which have to be met; which are that there are no diverted profits of the company for the accounting period or the “full transfer pricing adjustment” (as defined) has been made.