{
  "url": "https://openlegislation.uk/finance-act-2012/schedule-16/paragraph-205",
  "json_url": "https://openlegislation.uk/finance-act-2012/schedule-16/paragraph-205.json",
  "legislation": "ukpga/2012/14",
  "legislation_title": "Finance Act 2012",
  "legislation_url": "https://openlegislation.uk/finance-act-2012",
  "path": "schedule/16/paragraph/205",
  "kind": "paragraph",
  "number": "205",
  "heading": null,
  "text": "(1) Section 1168 (restriction on carrying forward expenses payable where tax credit claimed) is amended as follows.\n(2) In subsection (1), for “a life assurance company tax credit” substitute “ a BLAGAB tax credit ”.\n(3) In subsection (2)—\n(a) for “section 76 of ICTA” substitute “ section 73 of FA 2012 ”,\n(b) for “subsection (12) of that section” substitute “ that section as excess BLAGAB expenses ”, and\n(c) for “Step 7 in subsection (7) of that section” substitute “ step 5 in section 76 of FA 2012 ”.\n(4) In subsection (3), for “qualifying life assurance business loss” substitute “ qualifying BLAGAB loss ”.",
  "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/205",
    "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."
}