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Changes over time for: Section 99


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 01/04/2010
Status:
Point in time view as at 01/12/2009. This version of this provision has been superseded.

Status
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Changes to legislation:
There are currently no known outstanding effects for the Finance Act 1990, Section 99.

Changes to Legislation
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99 Loss relief.U.K.
(1)The Taxes Act 1988 shall be amended as follows.
(2)In section 393 (relief for trading losses) in subsection (1) (carry forward of losses on the making of a claim)—
(a)for the words “the company may make a claim requiring that the loss” there shall be substituted the words “ the loss shall ”, and
(b)for the words “on that claim” there shall be substituted the words “ under this subsection ”;
and in subsection (11) (time limit for claims) the words from the beginning to “of six years; and” shall be omitted.
(3)In section 396 (relief for Case VI losses on the making of a claim)—
(a)in subsection (1) for the words “the company may make a claim requiring that the loss” there shall be substituted the words “ the loss shall ”, and
(b)subsection (3) (time limit for claims) shall cease to have effect.
(4)This section applies in relation to accounting periods ending after the day appointed for the purposes of section 10 of the Taxes Act 1988 (pay and file).
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