Section 27

RESTRICTIONS ON DEDUCTIONS FROM PROFITS

1  CTA 2010 is amended as follows.

2  In section 188DD (group relief for carried-forward losses: claimant companyʼs relevant maximum for overlapping period) omit subsection (4).

3  In section 188ED (group relief for carried-forward losses: claimant companyʼs relevant maximum for overlapping period)–

(a)omit subsection (4), and

(b)in subsection (5) for “(4)” substitute “(3)”.

4  In section 269ZB (restriction on deductions from trading profits) in subsection (8) for paragraph (b) substitute–

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