SCHEDULES

SCHEDULE 4 U.K.Relief for carried-forward losses

PART 4 U.K.Insurance companies: carrying forward BLAGAB trade losses

25 (1) Section 124 (carry forward of BLAGAB trade losses against subsequent profits) is amended as follows. U.K.

(2) In the heading, after “of” insert “ pre-1 April 2017 ”.

(3) In subsection (1), after “accounting period” insert “ beginning before 1 April 2017 ”.

(4) In subsection (5), at the end insert “ (but see also section 124D) ”.