SCHEDULES
SCHEDULE 4Relief for carried-forward losses
PART 2Restriction on deductions in respect of carried-forward losses
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1
Section 269CA (restriction on deductions for pre-1 April 2015 trading losses) is amended as follows.
2
In subsection (2), in the second sentence—
a
for “269CD” substitute “269ZF”, and
b
omit “step 5 in”.
3
In subsection (3), for the words from “where” to the end substitute “in relation to a banking company for an accounting period where, in determining the company’s relevant trading profits for the period, the amount given by step 1 in section 269ZF(3) is not greater than nil”.