Sch 15 para 26
(1) This paragraph applies where, in respect of a loss period, an activated transferred profits amount for a pre-acquisition accounting period is to be applied in accordance with paragraph 25(2)(b) or (3)(b). (2) A repayment of tax to be determined as if— (a) an amount had been charged under section 330(1) of CTA 2010 in respect of the activated ARFP amount for the pre-acquisition accounting period, (b) that amount had been charged on, and paid by, the purchaser (instead of the seller), and (c) the transferred adjusted ring fence profits amount for the pre-acquisition accounting period were recalculated in accordance with paragraph 50. (3) See paragraph 53 for provision about the “activated ARFP amount”.