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2.—(1) The Income and Corporation Taxes Act 1988(1) is amended as follows.
(2) In section 576D(2) (share loss relief: the control and independence requirement) after subsection (3) insert—
“(3A) Section 839 (connected persons) applies for the purposes of this section.”.
(3) In section 777(13)(3) (transactions in land: provisions supplementary to section 776), in the definition of “capital”—
(a)after “section 776” insert “of this Act and Chapter 3 of Part 13 of ITA 2007”, and
(b)for “corporation tax purposes” substitute “purposes of the Tax Acts”.
Section 576D was inserted by paragraph 124 of Schedule 1 to the Income Tax Act 2007.
Section 777(13) was amended by paragraph 185(12) of Schedule 1 to the Income Tax Act 2007.
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