Finance Act 1991 (c. 31)

SCHEDULES

SCHEDULE 15 U.K. RELIEF FOR COMPANY TRADING LOSSES

The Income and Corporation Taxes Act 1988 (c. 1) U.K.

8 U.K. In section 393 of that Act (losses other than terminal losses)—

(a) in subsection (1), for the words “subsection (2) below” there shall be substituted the words “section 393A(1) ”; and

(b) in subsection (11) (time limits for claims under section 393) the words from “and a claim under subsection (2) above” onwards shall cease to have effect.