Related Commentary  Related HMRC Manuals

104(1)  This section explains for the purposes of section 103 what is meant by the adjusted amount of the BLAGAB trade profit.

104(2)  The following adjustments are to be made to the amount of the BLAGAB trade profit.

104(3)  If relief is available under section 124, 124A or 124C (carry forward of BLAGAB trade losses against subsequent profits), the BLAGAB trade profit is to be reduced as mentioned in that section.

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