Schedules

F1SCHEDULE A1First-year tax credits

Annotations:
Amendments (Textual)
F1

Sch. A1 inserted (with effect in accordance with Sch. 25 para. 9 of the amending Act) by Finance Act 2008 (c. 9), Sch. 25 para. 5

Part 1Entitlement to first-year tax credits

Incurring a loss in carrying on a qualifying activity

6

1

This paragraph applies where the qualifying activity is an overseas property business and paragraph 7 does not apply.

2

References in this Schedule to a loss incurred in carrying on the qualifying activity are to a loss incurred in carrying on that part of the business (if any) to which F2section 66 of CTA 2010 (losses from overseas property business) applies F3(see section 67 of that Act).