SCHEDULES

SCHEDULE 4Corporate capital losses

PART 1Corporate capital loss restriction

Restriction on deduction from chargeable gains: main provisions

7

In section 269ZF(4) (calculation of modified total profits)—

a

omit “and” at the end of paragraph (f), and

b

after paragraph (g) insert

; and

h

make no deductions under section 2A(1)(b) of TCGA 1992 (allowable losses accruing in earlier accounting periods).