“Reduced ARFP amount”
52(1)This paragraph (instead of paragraph 51) applies if the percentage specified in section 330(1) of CTA 2010 for the pre-acquisition accounting period mentioned in paragraph 26(1) is greater than 20%.
(2)To determine the “reduced ARFP amount” for the pre-acquisition accounting period—
(a)calculate the total of—
(i)the activated ARFP amount for the period, and
(ii)the ARFP uplift amount for the period (see paragraph 54),
(b)reduce the amount given by paragraph (a) by the amount applied, in relation to the loss period mentioned in paragraph 26(1), in accordance with paragraph 25(2)(b) or (3)(b) for the pre-acquisition accounting period.