Section 754(5)

TRADING LOSSES AND GROUP RELIEF ETC.

Related Commentary  Related HMRC Manuals

1(1)  In any case where–

(a)an amount of chargeable profits is apportioned to a company resident in the United Kingdom, and

(b)the company is entitled, or would on the making of a claim be entitled, in computing its profits for the appropriate accounting period, to a deduction in respect of any relevant allowance,

(c)[Repealed by FA 1998, s. 113 and Sch 17, para 34(2)(a), s. 165 and Sch. 27, Pt. III(27).]

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