Finance Act 2021 (c. 26)

SCHEDULES

SCHEDULE 8 U.K. Relief from corporation tax for losses and other amounts

PART 2 U.K. Other amendments of CTA 2010

Amendments of Part 7ZA of CTA 2010 U.K.

9 U.K. In section 269ZF(3) (steps for determining a company's qualifying trading profits, qualifying non-trading income profits and qualifying chargeable gains), in paragraph (2) of step 2—

(a) for “sum,” substitute “sum—

(a)” ;

(b) at the end insert “, and

(b) ignore any amount (or any part of any amount) which could be relieved against the company's total profits of the accounting period on the making of a claim in respect of the amount (or part) if a claim is not in fact made in respect of it.”