Related Commentary  Related HMRC Manuals

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

269ZD(2)  The sum of any relevant deductions made by the company for the accounting period may not exceed the difference between–

(a)the relevant maximum, and

(b)the sum of–

(i)any deductions falling within section 269ZB(3) (carry forward of trade loss against subsequent trade profits) made by the company for the accounting period, and

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