[F1356OFProfits and lossesU.K.
This section has no associated Explanatory Notes
(1)Sections 356OB to 356OE have effect as if they included provision about losses corresponding to the provision they make about profits and gains.
(2)Accordingly, in the following sections of this Part references to a “profit or gain” include a loss.]
Textual Amendments
F1Pt. 8ZB inserted (with effect in accordance with s. 81 of the amending Act and also with effect in accordance with Finance (No. 2) Act 2017 (c. 32), s. 39(1)(2))) by Finance Act 2016 (c. 24), s. 77(1)