http://www.legislation.gov.uk/ukpga/2020/14/schedule/4/paragraph/29/2021-10-01Finance Act 2020An Act to grant certain duties, to alter other duties, and to amend the law relating to the national debt and the public revenue, and to make further provision in connection with finance.texttext/xmlenStatute Law Database2024-05-18Expert Participation2021-10-01SCHEDULESSCHEDULE 4Corporate capital lossesPART 1Corporate capital loss restrictionMinor and consequential amendments to Part 7ZA of CTA 201029(1)

Section 269ZF (“relevant trading profits” and “relevant non-trading profits”) is amended in accordance with this paragraph.

(2)

In subsection (2)—

(a)

for “ “relevant non-trading profits””, in both places it occurs, substitute “ “relevant non-trading income profits” ”,

(b)

in paragraph (a), for “qualifying non-trading profits” substitute “ qualifying non-trading income profits ”, and

(c)

in paragraph (b) for “non-trading profits deductions allowance” substitute “ non-trading income profits deductions allowance ”.

(3)

In subsection (3), in the words before step 1, for “and qualifying non-trading profits” substitute “ , qualifying non-trading income profits and qualifying chargeable gains ”.

(4)

In subsection (3), in paragraph (3) of step 1—

(a)

for “and relevant non-trading profits” substitute “ , qualifying non-trading income profits and qualifying chargeable gains ”, and

(b)

for “both” substitute “ each ”.

(5)

In subsection (3), in paragraph (3) of step 2—

(a)

for “and the qualifying non-trading profits” substitute “ , qualifying non-trading income profits and qualifying chargeable gains ”, and

(b)

for “both” substitute “ each ”.

(6)

In the heading, for “and “relevant non-trading profits”” substitute “ , “total relevant non-trading profits” etc ”.

This XML file does not appear to have any style information associated with it. The document tree is shown below.
<akomaNtoso xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xsi:schemaLocation="http://docs.oasis-open.org/legaldocml/ns/akn/3.0 http://docs.oasis-open.org/legaldocml/akn-core/v1.0/cos01/part2-specs/schemas/akomantoso30.xsd">
<act name="ukpga">
<meta>
<identification source="#">
<FRBRWork>
<FRBRthis value="http://www.legislation.gov.uk/id/ukpga/2020/14"/>
<FRBRuri value="http://www.legislation.gov.uk/id/ukpga/2020/14"/>
<FRBRdate date="2020-07-22" name="enacted"/>
<FRBRauthor href="http://www.legislation.gov.uk/id/legislature/UnitedKingdomParliament"/>
<FRBRcountry value="GB-UKM"/>
<FRBRnumber value="14"/>
<FRBRname value="2020 c. 14"/>
<FRBRprescriptive value="true"/>
</FRBRWork>
<FRBRExpression>
<FRBRthis value="http://www.legislation.gov.uk/ukpga/2020/14/2021-10-01"/>
<FRBRuri value="http://www.legislation.gov.uk/ukpga/2020/14/2021-10-01"/>
<FRBRdate date="2021-10-01" name="validFrom"/>
<FRBRauthor href="#"/>
<FRBRlanguage language="eng"/>
</FRBRExpression>
<FRBRManifestation>
<FRBRthis value="http://www.legislation.gov.uk/ukpga/2020/14/2021-10-01/data.akn"/>
<FRBRuri value="http://www.legislation.gov.uk/ukpga/2020/14/2021-10-01/data.akn"/>
<FRBRdate date="2024-12-14Z" name="transform"/>
<FRBRauthor href="http://www.legislation.gov.uk"/>
<FRBRformat value="application/akn+xml"/>
</FRBRManifestation>
</identification>
<lifecycle source="#">
<eventRef refersTo="#enactment" date="2020-07-22" eId="date-enacted" source="#"/>
<eventRef date="2018-10-29" eId="date-2018-10-29" source="#"/>
<eventRef date="2020-07-22" eId="date-2020-07-22" source="#"/>
<eventRef date="2021-10-01" eId="date-2021-10-01" source="#"/>
<eventRef date="2022-02-24" eId="date-2022-02-24" source="#"/>
</lifecycle>
<analysis source="#">
<restrictions source="#">
<restriction refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedules" refersTo="#extent-e+w+s+ni" type="jurisdiction"/>
<restriction refersTo="#period-from-2021-10-01-to-2022-02-24" type="jurisdiction"/>
<restriction href="#schedules" refersTo="#period-from-2021-10-01-to-2022-02-24" type="jurisdiction"/>
<restriction href="#schedule-4" refersTo="#period-from-2018-10-29" type="jurisdiction"/>
<restriction href="#schedule-4-part-1" refersTo="#period-from-2020-07-22" type="jurisdiction"/>
<restriction href="#schedule-4-part-1-crossheading-minor-and-consequential-amendments-to-part-7za-of-cta-2010" refersTo="#period-from-2020-07-22" type="jurisdiction"/>
<restriction href="#schedule-4-paragraph-29" refersTo="#period-from-2020-07-22" type="jurisdiction"/>
</restrictions>
<otherAnalysis source=""/>
</analysis>
<temporalData source="#">
<temporalGroup eId="period-from-2018-10-29">
<timeInterval start="#date-2018-10-29" refersTo="#"/>
</temporalGroup>
<temporalGroup eId="period-from-2020-07-22">
<timeInterval start="#date-2020-07-22" refersTo="#"/>
</temporalGroup>
<temporalGroup eId="period-from-2021-10-01-to-2022-02-24">
<timeInterval start="#date-2021-10-01" end="#date-2022-02-24" refersTo="#"/>
</temporalGroup>
</temporalData>
<references source="#">
<TLCEvent eId="enactment" href="" showAs="EnactmentDate"/>
<TLCLocation eId="extent-e+w+s+ni" href="" showAs="E+W+S+N.I."/>
</references>
<proprietary xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" source="#">
<dc:identifier>http://www.legislation.gov.uk/ukpga/2020/14/schedule/4/paragraph/29/2021-10-01</dc:identifier>
<dc:title>Finance Act 2020</dc:title>
<dc:description>An Act to grant certain duties, to alter other duties, and to amend the law relating to the national debt and the public revenue, and to make further provision in connection with finance.</dc:description>
<dc:type>text</dc:type>
<dc:format>text/xml</dc:format>
<dc:language>en</dc:language>
<dc:publisher>Statute Law Database</dc:publisher>
<dc:modified>2024-05-18</dc:modified>
<dc:contributor>Expert Participation</dc:contributor>
<dct:valid>2021-10-01</dct:valid>
<ukm:PrimaryMetadata>
<ukm:DocumentClassification>
<ukm:DocumentCategory Value="primary"/>
<ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/>
<ukm:DocumentStatus Value="revised"/>
</ukm:DocumentClassification>
<ukm:Year Value="2020"/>
<ukm:Number Value="14"/>
<ukm:EnactmentDate Date="2020-07-22"/>
<ukm:ISBN Value="9780105700883"/>
</ukm:PrimaryMetadata>
<ukm:Alternatives>
<ukm:Alternative URI="http://www.legislation.gov.uk/ukpga/2020/14/pdfs/ukpga_20200014_en.pdf" Date="2020-07-27" Size="1133995"/>
</ukm:Alternatives>
<ukm:Statistics>
<ukm:TotalParagraphs Value="518"/>
<ukm:BodyParagraphs Value="165"/>
<ukm:ScheduleParagraphs Value="353"/>
<ukm:AttachmentParagraphs Value="0"/>
<ukm:TotalImages Value="7"/>
</ukm:Statistics>
</proprietary>
</meta>
<body>
<hcontainer name="schedules" eId="schedules">
<heading>SCHEDULES</heading>
<hcontainer name="schedule" eId="schedule-4">
<num>SCHEDULE 4</num>
<heading>Corporate capital losses</heading>
<part eId="schedule-4-part-1">
<num>
<b>PART 1</b>
</num>
<heading>Corporate capital loss restriction</heading>
<hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-1-crossheading-minor-and-consequential-amendments-to-part-7za-of-cta-2010">
<heading>
<i>Minor and consequential amendments to Part 7ZA of CTA 2010</i>
</heading>
<paragraph eId="schedule-4-paragraph-29" uk:target="true" class="schProv1">
<num>29</num>
<subparagraph eId="schedule-4-paragraph-29-1">
<num>(1)</num>
<content>
<p>
Section 269ZF (“
<term refersTo="#term-relevant-trading-profits" eId="term-relevant-trading-profits">relevant trading profits</term>
” and “
<term refersTo="#term-relevant-non-trading-profits" eId="term-relevant-non-trading-profits">relevant non-trading profits</term>
”) is amended in accordance with this paragraph.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-4-paragraph-29-2">
<num>(2)</num>
<intro>
<p>In subsection (2)—</p>
</intro>
<level class="para1" eId="schedule-4-paragraph-29-2-a">
<num>(a)</num>
<content>
<p>
<mod>
for “ “relevant non-trading profits””, in both places it occurs, substitute
<quotedText>“ “relevant non-trading income profits” ”</quotedText>
,
</mod>
</p>
</content>
</level>
<level class="para1" eId="schedule-4-paragraph-29-2-b">
<num>(b)</num>
<content>
<p>
<mod>
in paragraph (a), for “qualifying non-trading profits” substitute
<quotedText>“ qualifying non-trading income profits ”</quotedText>
, and
</mod>
</p>
</content>
</level>
<level class="para1" eId="schedule-4-paragraph-29-2-c">
<num>(c)</num>
<content>
<p>
<mod>
in paragraph (b) for “non-trading profits deductions allowance” substitute
<quotedText>“ non-trading income profits deductions allowance ”</quotedText>
.
</mod>
</p>
</content>
</level>
</subparagraph>
<subparagraph eId="schedule-4-paragraph-29-3">
<num>(3)</num>
<content>
<p>
<mod>
In subsection (3), in the words before step 1, for “and qualifying non-trading profits” substitute
<quotedText>“ , qualifying non-trading income profits and qualifying chargeable gains ”</quotedText>
.
</mod>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-4-paragraph-29-4">
<num>(4)</num>
<intro>
<p>In subsection (3), in paragraph (3) of step 1—</p>
</intro>
<level class="para1" eId="schedule-4-paragraph-29-4-a">
<num>(a)</num>
<content>
<p>
<mod>
for “and relevant non-trading profits” substitute
<quotedText>“ , qualifying non-trading income profits and qualifying chargeable gains ”</quotedText>
, and
</mod>
</p>
</content>
</level>
<level class="para1" eId="schedule-4-paragraph-29-4-b">
<num>(b)</num>
<content>
<p>
<mod>
for “both” substitute
<quotedText>“ each ”</quotedText>
.
</mod>
</p>
</content>
</level>
</subparagraph>
<subparagraph eId="schedule-4-paragraph-29-5">
<num>(5)</num>
<intro>
<p>In subsection (3), in paragraph (3) of step 2—</p>
</intro>
<level class="para1" eId="schedule-4-paragraph-29-5-a">
<num>(a)</num>
<content>
<p>
<mod>
for “and the qualifying non-trading profits” substitute
<quotedText>“ , qualifying non-trading income profits and qualifying chargeable gains ”</quotedText>
, and
</mod>
</p>
</content>
</level>
<level class="para1" eId="schedule-4-paragraph-29-5-b">
<num>(b)</num>
<content>
<p>
<mod>
for “both” substitute
<quotedText>“ each ”</quotedText>
.
</mod>
</p>
</content>
</level>
</subparagraph>
<subparagraph eId="schedule-4-paragraph-29-6">
<num>(6)</num>
<content>
<p>
<mod>
In the heading, for “and “relevant non-trading profits”” substitute
<quotedText>“ , “total relevant non-trading profits” etc ”</quotedText>
.
</mod>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
</part>
</hcontainer>
</hcontainer>
</body>
</act>
</akomaNtoso>