47(1)This paragraph applies for the purposes of allocating an amount to a pre-acquisition accounting period under Step 3 of paragraph 44.
(2)The “available activated TTH amount” held by the purchaser for the loss period, is an amount equal to—
(a)the total activated TTH amount for the period, less
(b)the total of the activated transferred profits amounts allocated under paragraph 44 to later pre-acquisition accounting periods.
(3)In sub-paragraph (2)(b) the reference to “later pre-acquisition accounting periods” is a reference to pre-acquisition accounting periods that begin after the period mentioned in sub-paragraph (1).