# Finance Act 2000, Paragraph 70

Extent: E+W+S+N.I.

(1) Where loss relief is claimed by the investing company it must be claimed—
(a) in priority to any relief claimed by that company under Chapter 5 of Part 4 of CTA 2010 (relief for loss on disposal of shares in certain trading companies by investment companies), ...
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) Where loss relief is obtained for an amount of a loss no deduction shall be made in respect of that amount—
(a) by virtue of section 70 of CTA 2010 (relief for loss on disposal of shares in certain trading companies by investment companies), or
(b) for the purposes of corporation tax on chargeable gains.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/70 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-15/paragraph-70
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.