| Links from Section 421 | ||
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| Act | Linked to | Context |
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Taxes Consolidation Act, 1997 |
(2) Group relief in accordance with section 420 for an accounting period shall be allowed as a deduction against the claimant company’s total profits for the period before reduction by any relief derived from a subsequent accounting period, but as reduced by any other relief from tax (including relief in respect of charges on income under section 243(2)). |
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Taxes Consolidation Act, 1997 |
(a) relief under section 308(4) in respect of capital allowances to be made for an accounting period after the accounting period the profits of which are being computed, |
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Taxes Consolidation Act, 1997 |
(3) That other relief shall be determined on the assumption that the company makes all relevant claims under section 308(4) or 396(2). |
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Taxes Consolidation Act, 1997 |
(b) relief under section 396(2) in respect of a loss incurred in an accounting period after the accounting period the profits of which are being computed, and |
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Taxes Consolidation Act, 1997 |
(3) That other relief shall be determined on the assumption that the company makes all relevant claims under section 308(4) or 396(2). |
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Taxes Consolidation Act, 1997 |
(c) relief under section 397 in respect of a loss incurred in an accounting period after the end of the accounting period the profits of which are being computed. |
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Taxes Consolidation Act, 1997 |
(2) Group relief in accordance with section 420 for an accounting period shall be allowed as a deduction against the claimant company’s total profits for the period before reduction by any relief derived from a subsequent accounting period, but as reduced by any other relief from tax (including relief in respect of charges on income under section 243(2)). |
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| Links to Section 421 (from within TaxSource Total) | ||
| Act | Linked from | Context |
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Taxes Consolidation Act, 1997 |
(2) Notwithstanding subsections (1) and (6) of section 420 and section 421, where in any accounting period the surrendering company incurs a relevant trading loss or an excess of relevant trading charges on income, that loss or excess may not be set off for the purposes of corporation tax against the total profits of the claimant company for its corresponding accounting period. |
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Taxes Consolidation Act, 1997 |
(b) that the amount of total profits for the true accounting period of the company against which group relief may be allowed in accordance with section 421(2) is also so apportioned to the component accounting periods. |
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Taxes Consolidation Act, 1997 |
(20) (a) Notwithstanding subsections (1) and (6) of section 420 and section 421, where in an accounting period ending before 31 December 2009 the surrendering company has incurred a loss in a trade, the operations or activities of which consist of or include dealing in residential development land, then an amount of the loss, determined in accordance with paragraph (b), may not be set off for the purposes of corporation tax against the total profits of the claimant company for its corresponding accounting period. |
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