SCHEDULES

SCHEDULE 4Corporate capital losses

PART 2Corporate capital loss deductions: miscellaneous provision

Insurance companies: minor amendments to TCGA 1992 and FA 2012

41

In section 93 of FA 2012 (minimum profits test), at the end insert—

6

For the purposes of this section, assume that non-BLAGAB allowable losses cannot be deducted to any extent from BLAGAB chargeable gains (and, accordingly, assume that section 95 is not included in this Act).