This section has no associated Explanatory Notes
686(1)Amend section 1223 (carrying forward expenses of management and other amounts) as follows.U.K.
(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) ”.