This section has no associated Explanatory Notes
620(1)Amend section 461 (claim to set off deficit against other profits for deficit period) as follows.U.K.
(2)In subsection (6)(a) for “section 392A(1) or 393A(1) of ICTA (losses set against” substitute “ section 37 or 62(1) to (3) of CTA 2010 (deduction of losses from total ”.
(3)In subsection (7) for “Chapter 5 of Part 12 of ICTA (petroleum extraction activities)” substitute “ Part 8 of CTA 2010 (oil activities) ”.