# Corporation Tax Act 2010, Paragraph 667


(1) Amend section 1048 (treatment of deemed trading loss under section 1045) as follows.
(2) In subsection (2)—
(a) for “set off against” substitute “ deducted from ”, and
(b) for “section 393A(1)(b) or 393B(3) of ICTA” substitute “ section 37(3)(b) or 42 of CTA 2010 ”.
(3) In subsection (4)—
(a) in paragraph (b) for “section 403(1) of ICTA (surrender of relief to group or consortium members)” substitute “ Part 5 of CTA 2010 (group relief) ”, and
(b) in the words after that paragraph for “section 393 of ICTA” substitute “ section 45 of CTA 2010 ”.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/667 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/schedule-1/paragraph-667
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.