Losses incurred by a company in any accounting period while the theatrical production is still in production can only be carried forward and set against future profits of that same trade1. They may not be relieved sideways, carried forward for relief against total profits or surrendered for group relief. Losses set against future profits of the trade are ignored for the purposes of the restriction on such deductions in CTA 2010, s 269ZB (see D1.1108B)2. In addition, special rules apply to these losses if carried forward into the accounting period in which the company ceases to carry on the theatrical production trade. In that accounting
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