Finance Act 1974 (c. 30)

SCHEDULES

SCHEDULE 6 Development Losses

Modification of sections 176 and 179 of the Taxes Act (Case VI losses) in relation to development losses

3 In its application to a development loss in accordance with subsection (3) of the principal section—

(a) section 176 of the Taxes Act shall have effect with the omission of so much of subsection (5) as precedes the words " but the question " ; and

(b) section 179 of that Act shall have effect with the omission of subsection (3).