Corporation Tax Act 2010 (c. 4)

Schedules

SCHEDULE 2 U.K. Transitionals and savings etc

Part 4 U.K. Loss relief (other than share loss relief)

Reliefs for members of LLPs not to exceed contribution to the LLP U.K.

24 (1) The relief covered by section 59(4) includes relief given for a loss under section 338, 393A or 403 of ICTA. U.K.

(2) In section 61—

(a) the amounts of loss covered by subsection (1)(b) include amounts of loss which, as a result of section 118 of ICTA (as applied by section 118ZB of that Act), are not relieved under section 338, 393A or 403 of ICTA,

(b) in subsections (3) and (4) references to section 61 include references to section 118ZD of ICTA, and

(c) the relief covered by subsection (3)(b) includes relief under section 338, 393A or 403 of ICTA.