Sch 15 para 53
(1) The “activated ARFP amount” for a pre-acquisition accounting period is the amount equal to— where— A is the amount applied, in relation to the loss period, in accordance with paragraph 25(2)(b) or (3)(b) for the pre-acquisition accounting period, T is the unused transferred profits amount for that period, and (2) In sub-paragraph (1), “ unused transferred profits amount ” has the same meaning as it has for the purposes of Steps 1 and 2 of paragraph 44 (see paragraph 46). (3) Sub-paragraph (4) applies if, in respect of an earlier loss period— (a) an activated transferred profits amount for the pre-acquisition accounting period mentioned in paragraph 26(1) is applied in accordance with paragraph 25(2)(b) or (3)(b), and (b) a corresponding repayment is determined under paragraph 26(2) (an “earlier repayment”). (4) The amount of the transferred adjusted ring fence profits for the pre-acquisition accounting period is treated, for the purposes of sub-paragraph (1), as being reduced by an amount equal to the total of the activated ARFP amounts for that period for the purposes of each earlier repayment.