# Finance Act 2012, Paragraph 194


(1) Section 1158 (restriction on losses carried forward where tax credit claimed) is amended as follows.
(2) In subsection (3)—
(a) for paragraph (a) substitute—
“(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
(b) in paragraph (b), for “section 76(12) of ICTA” substitute “ section 73 of FA 2012 ”.
(3) In subsection (4), for “section 76(12) of ICTA” substitute “ section 73 of FA 2012 ”.

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/194 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-16/paragraph-194
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.