Finance Act 2020 (c. 14)

SCHEDULES

SCHEDULE 4 U.K. Corporate capital losses

PART 1 U.K. Corporate capital loss restriction

Minor and consequential amendments to Part 7ZA of CTA 2010 U.K.

35 (1) Section 269ZZA(1) (excessive specification of deductions allowance: application of section) is amended in accordance with this paragraph. U.K.

(2) After paragraph (b) insert—

“(ba) the company's chargeable gains deductions allowance for the period,”.

(3) In paragraph (c) for “non-trading profits deductions allowance” substitute “ non-trading income profits deductions allowance ”.

(4) After paragraph (d) insert—

“(da) the company's BLAGAB deductions allowance for the period.”

(5) Omit paragraph (e).