SCHEDULES

SCHEDULE 4 U.K.Relief for carried-forward losses

PART 1 U.K.Amendment of general rules about carrying forward losses

Non-trading deficits from loan relationships U.K.

3 U.K.In section 456 (introduction to Chapter 16) in subsection (1)—

(a) after “if” insert “—

(a)” , and

(b) at the end insert “, and

(b) either—

(i) that accounting period begins before 1 April 2017, or

(ii) at the end of that accounting period the company is a charity”.