Related Commentary  Related HMRC Manuals

886  For the purposes of this Chapter each of the following is a deduction by way of relevant tax relief–

(a)a deduction in calculating profits or losses of a trade for corporation tax purposes,

(b)a deduction in calculating any loss for which relief is given under section 91 (losses from miscellaneous transactions), or in calculating profits or gains chargeable to corporation tax under or by virtue of any provision to which section 1173 applies (miscellaneous charges),

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