SCHEDULES

Schedule 28AChange in ownership of company with investment business: deductions

Part IVDisallowed debits and non-trading deficits

10A

(1)

This paragraph has effect in any case to which section 768C applies where the non-trading deficit mentioned in paragraph 13(1)(ec) below is apportioned by paragraph 16(1)(b) below to the first part of the accounting period being divided.

(2)

In any such case, none of that non-trading deficit shall be carried forward to—

(a)

the accounting period beginning immediately after the change in the ownership of the company, or

(b)

any subsequent accounting period.