Schedules

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Corporation Tax Act 2009 (c. 4)

686

1

Amend section 1223 (carrying forward expenses of management and other amounts) as follows.

2

In subsection (2)(b)—

a

for “charges on income paid” substitute “ qualifying charitable donations made ”, and

b

for “they are paid” substitute “ they are made ”.

3

Omit subsection (4).

4

In subsection (5) for the words from “section 392A(3)” to the end substitute “ section 63 of CTA 2010 (which is about unused losses made in a UK property business) ”.