This section has no associated Explanatory Notes
323(1)Amend section 804 (relief against income tax in respect of earlier years of commencement) as follows.
(2)In subsections (5)(b) and (5A)(b) for “section 63A(1) or (3)” substitute “section 205 or 220 of ITTOIA 2005”.
(3)In subsection (5B)(a)—
(a)for “under Case VI of Schedule D” substitute “to income tax”, and
(b)after “equal to the excess” insert “and be liable for any tax so chargeable”.
(4)In subsection (5C) for “section 63A(1)” substitute “section 220 of ITTOIA 2005”.
(5)In subsection (8), in the definition of “overlap profit” for “sections 60 to 62” substitute “Chapter 15 of Part 2 of ITTOIA 2005”.