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SCHEDULES

SCHEDULE 4Corporate capital losses

PART 1Corporate capital loss restriction

Minor and consequential amendments to Part 7ZA of CTA 2010

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

(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).