SCHEDULES

SCHEDULE 4Relief for carried-forward losses

PART 2Restriction on deductions in respect of carried-forward losses

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1

Section 269CN (definitions for the purposes of Part 7A) is amended as follows.

2

In the definition of “relevant non-trading profits” for the words from “means” to the end substitute “ has the meaning given by section 269ZF(2) ”.

3

In the definition of “relevant profits” for the words from “means” to the end substitute “ has the meaning given by section 269ZD(5) ”.

4

In the definition of “relevant trading profits” for the words from “means” to the end substitute “ has the meaning given by section 269ZF(1) ”.