There are currently no known outstanding effects for the Finance Act 2020, Paragraph 23.
23(1)Section 19 of F(No.2)A 2017 (losses: counteraction of avoidance arrangements) is amended in accordance with this paragraph.U.K.
(2)In subsection (8), before paragraph (a) insert—
“(za)section 2A(1) of TCGA 1992 (allowable capital losses);”.
(3)At the end insert—
“(13)In the case of a tax advantage as a result of a deduction (or increased deduction) under section 2A(1) of TCGA 1992, subsections (10) and (11) have effect as if the references to 1 April 2017 were to 1 April 2020.”
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