Search Legislation

Finance Act 2019

 Help about what version

What Version

 Help about opening options

Opening OptionsExpand opening options

Status:

This is the original version (as it was originally enacted).

Transitional provisions

39(1)This paragraph applies if—

(a)on or after the commencement date a loss arises in connection with a loan relationship of a company,

(b)the loss is wholly or partly referable to a time before the commencement date (“the pre-commencement time”), and

(c)had the loss arisen at the pre-commencement time it would have been brought into account in accordance with Part 3 of ITTOIA 2005 in calculating the profits of the UK property business of the company.

(2)Section 327 (disallowance of imported losses etc) does not apply in relation to so much of the loss as is referable to the pre-commencement time.

Back to top

Options/Help