SCHEDULES

SCHEDULE 4Relief for carried-forward losses

PART 4Insurance companies: carrying forward BLAGAB trade losses

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1

Section 124 (carry forward of BLAGAB trade losses against subsequent profits) is amended as follows.

2

In the heading, after “of” insert “ pre-1 April 2017 ”.

3

In subsection (1), after “accounting period” insert “ beginning before 1 April 2017 ”.

4

In subsection (5), at the end insert “ (but see also section 124D) ”.