# Finance Act 2011, Paragraph 3


(1) Paragraph 1 (application and construction of Schedule) is amended as follows.
(2) In sub-paragraph (1) for “is or has been” substitute “ becomes ”.
(3) For sub-paragraph (2) substitute—
“(2) In this Schedule “pre-entry loss”, in relation to any company, means any allowable loss that accrued to that company at a time before it became a member of the relevant group.”
(4) Omit sub-paragraphs (3), (3A), (4) and (5).
(5) In sub-paragraph (6) for “Subject to” to “if” substitute “ If ”.
(6) Omit sub-paragraph (8).

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Source: https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-11/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.