Paragraph 618
(1)
Amend section 457 (basic rule for deficits: carry forward to accounting periods after deficit period) as follows.
(2)
In subsection (2)(a) for “section 403 of ICTA” substitute “ Part 5 of CTA 2010 ”.
(3)
In subsection (5) for “section 393A of ICTA (setting-off of trading losses against” substitute “ section 37 of CTA 2010 (deduction of trading losses from total ”.