SCHEDULES
SCHEDULE 11Pre-entry losses
TCGA 1992
5
1
Paragraph 6 (restrictions on the deduction of pre-entry losses) is amended as follows.
2
In sub-paragraph (2)—
a
omit paragraph (a) (and the “and” after it), and
b
in paragraph (b), omit “in any other case”.
3
In sub-paragraph (3)—
a
omit paragraph (a) (and the “and” after it), and
b
in paragraph (b), omit “in the case of an election under sub-paragraph (2)(b) above,”.