C1F1PART 8ZBTransactions in UK land
Annotations:
Amendments (Textual)
Modifications etc. (not altering text)
C1
Pt. 8ZB applied (with modifications) by 1992 c. 12, Sch. 1A para. 4(6) (as inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by Finance Act 2019 (c. 1), Sch. 1 para. 14)
Amounts treated as profits of a trade
356OFProfits and losses
1
Sections 356OB to 356OE have effect as if they included provision about losses corresponding to the provision they make about profits and gains.
2
Accordingly, in the following sections of this Part references to a “profit or gain” include a loss.
Pt. 8ZB inserted (with effect in accordance with s. 81 of the amending Act and also with effect in accordance with Finance (No. 2) Act 2017 (c. 32), s. 39(1)(2))) by Finance Act 2016 (c. 24), s. 77(1)