Related Commentary  Related HMRC Manuals

269ZB(1)  This section has effect for determining the taxable total profits of a company for an accounting period.

269ZB(2)  The sum of any deductions made by the company for the accounting period which fall within subsection (3) may not exceed the relevant maximum.

But this is subject to subsection (10).

269ZB(3)  The following deductions fall within this subsection–

(a)any deductions under section 45(4)(b) or 45B;

(b)any deduction under section 303B(4) or 303D(5), so far as it is a restricted deduction.

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