23(1)Section 434A (computation of losses and limitation on relief) is amended as follows.U.K.
(2)In subsection (2)(a)—
(a)omit “the aggregate of”, and
(b)omit sub-paragraph (iii).
(3)In subsection (2)(b), for the words following sub-paragraph (ii) substitute— “ any loss for that period under section 436A shall be reduced (but not below nil) by the total of the amounts set off as mentioned in sub-paragraphs (i) and (ii) above. ”