Amendments of the Tax Credits (Definition and Calculation of Income) Regulations 20026.

(1)

Regulation 119 (property income) shall be amended as follows.

(2)

In paragraph (3)—

(a)

for “of section 379A of the Taxes Act” substitute “contained in sections 118 (carry forward against subsequent property business profits) and 119 (how relief works) of  ITA” ; and

(b)

for the words “subsection (1) of that section” substitute “those sections”.