Search Legislation

Finance (No. 2) Act 2017

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Paragraph 33

 Help about opening options

Alternative versions:

Changes to legislation:

There are currently no known outstanding effects for the Finance (No. 2) Act 2017, Paragraph 33. Help about Changes to Legislation

33(1)Section 1216DB (use of losses in later periods) is amended as follows.U.K.

(2)In subsection (2) after “45” insert “ or 45B ”.

(3)In subsection (3) for “loss relief” substitute “ section 37 and Part 5 of CTA 2010 ”.

(4)In subsection (4) for “Subsection (5) applies” substitute “ Subsections (5) and (5A) apply ”.

(5)In subsection (5) after paragraph (a) insert—

(ab)carried forward under section 45A of that Act to be deducted from the total profits of a later period,

(6)After subsection (5) insert—

(5A)A deduction under section 45 or 45B of CTA 2010 which is made in respect of so much of the loss as is attributable to television tax relief is to be ignored for the purposes of section 269ZB of that Act (restriction on deductions from trading profits).

Back to top

Options/Help