{
  "url": "https://openlegislation.uk/finance-act-2012/schedule-16/paragraph-194",
  "json_url": "https://openlegislation.uk/finance-act-2012/schedule-16/paragraph-194.json",
  "legislation": "ukpga/2012/14",
  "legislation_title": "Finance Act 2012",
  "legislation_url": "https://openlegislation.uk/finance-act-2012",
  "path": "schedule/16/paragraph/194",
  "kind": "paragraph",
  "number": "194",
  "heading": null,
  "text": "(1) Section 1158 (restriction on losses carried forward where tax credit claimed) is amended as follows.\n(2) In subsection (3)—\n(a) for paragraph (a) substitute—\n“(a) as a result of section 87(3) of FA 2012, a company's UK property business loss is treated for the purposes of section 76 of that Act as a deemed BLAGAB management expense for the accounting period,” and\n(b) in paragraph (b), for “section 76(12) of ICTA” substitute “ section 73 of FA 2012 ”.\n(3) In subsection (4), for “section 76(12) of ICTA” substitute “ section 73 of FA 2012 ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/194",
    "retrieved_at": "2026-10-29T09:08:44.989153+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}