Paragraph 11
(1)
The amendments made by this Part of this Schedule have effect on and after commencement in relation to the deduction of any pre-entry loss within paragraph 1(2) of Schedule 7A to TCGA 1992 (as substituted by paragraph 3 of this Schedule) regardless of—
(a)
whether the loss accrued before or on or after commencement, and
(b)
whether the company which accrued the loss became a member of the relevant group (within the meaning of that Schedule) before or on or after commencement.
(2)
In this paragraph “commencement” means the day on which this Act is passed.