Finance Act 2020 (c. 14)

SCHEDULES

SCHEDULE 4 U.K. Corporate capital losses

PART 3 U.K. Commencement and anti-forestalling provision

Commencement U.K.

43 (1) Paragraph 44 applies where a company has an accounting period beginning before 1 April 2020 and ending on or after that date (the “straddling period”). U.K.

(2) For the purposes of paragraph 44—

(a) the “pre-commencement period” means the part of the straddling period falling before 1 April 2020, and

(b) the “post-commencement period” means the part of the straddling period falling on or after that date.