269ZDAReferences to a company's “deductions allowance”

1

This section applies for the purposes of sections 269ZB to 269ZD and 269ZFC.

2

A company's “deductions allowance” for an accounting period is to be determined in accordance with section 269ZR where, at any time in that period—

a

the company is a member of a group (see section 269ZZB), and

b

one or more other companies within the charge to corporation tax are members of that group.

3

Otherwise, a company's “deductions allowance” for an accounting period is to be determined in accordance with section 269ZW.

4

But subsections (2) and (3) are subject to section 269ZYA (deductions allowance for company without a source of chargeable income).