SCHEDULES

SCHEDULE 10Corporation tax relief for carried-forward losses

Transferred trades

28

In section 676 (disallowance of trading loss on change in ownership of company: company reconstructions)—

a

in subsection (2) for the words from “section 944(3)” to “successor company)” substitute “ Chapter 1 of Part 22 ”,

b

in subsection (4)(a) after “45” insert “ , 45A, 45B, 303B, 303C or 303D ”, and

c

in subsection (4)(b) for “944(3)” substitute “ Chapter 1 of Part 22 ”.