Finance Act 2020

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).