Related Commentary  Related HMRC Manuals

220A(1)  This section applies if–

(a)the investor is entitled to a reduction in its liability for corporation tax for a relevant accounting period under section 220 in respect of the investment, but

(b)the amount of the reduction is not fully deducted at Step 2 for that relevant accounting period.

220A(2)  The amount (“the excess amount”) not deducted is treated as follows.

220A(3)  For each subsequent relevant accounting period for which the investor–

(a)is entitled to a reduction in its liability for corporation tax under section 220 in respect of the investment, and

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