Paragraph 436

In section 44(2) (extinguishment of BNFL losses for tax purposes)—

(a)

in paragraph (b) for “section 834A of the Income and Corporation Taxes Act 1988” substitute “ section 1173 of the Corporation Tax Act 2010 ”,

(b)

for paragraph (d) substitute—

“(d)
losses incurred by the company in carrying on a UK property business (within the meaning given by Chapter 2 of Part 4 of the Corporation Tax Act 2009);”

(c)

in paragraph (e) for “section 392B(1) of that Act” substitute “ section 66 of the Corporation Tax Act 2010 ”, and

(d)

for paragraph (f) substitute—

“(f)
any Type 4 carry-forward losses of the company falling within section 95(1) of the Corporation Tax Act 2010;”.