Introduction Details of the Sections Part 2 Chapter 9
56.Chapter 9 explains how relief is provided for BLAGAB trade losses.
57.Section 123 applies the general trade loss rules in CTA 2009 to BLAGAB trade losses.
58.Section 124 describes how a BLAGAB trade loss may be carried forward to later accounting periods.
59.Section 125 explains the application of group relief rules to BLAGAB trade losses.
60.Section 126 says that losses relieved by way of section 123 or section 125 are to be reduced by the amount of any non-trading loan relationship deficit for the accounting period.
61.Section 127 prevents various reliefs (as identified in section 127(3)) from being set against the policyholders’ share of the I – E profit.