Corporation Tax Act 2009
This section has no associated Explanatory Notes
205(1)Section 1168 (restriction on carrying forward expenses payable where tax credit claimed) is amended as follows.
(2)In subsection (1), for “a life assurance company tax credit” substitute “a BLAGAB tax credit”.
(3)In subsection (2)—
(a)for “section 76 of ICTA” substitute “section 73 of FA 2012”,
(b)for “subsection (12) of that section” substitute “that section as excess BLAGAB expenses”, and
(c)for “Step 7 in subsection (7) of that section” substitute “step 5 in section 76 of FA 2012”.
(4)In subsection (3), for “qualifying life assurance business loss” substitute “qualifying BLAGAB loss”.