Paragraph 14

(1)

Part 7ZA of CTA 2010 is amended in accordance with this paragraph.

(2)

In section 269ZD(2)(b)—

(a)

omit the “and” after sub-paragraph (ia) (inserted by paragraph 4 of this Schedule), and

(b)

after sub-paragraph (ii) insert

“and
(iia)
any deductions of non-BLAGAB allowable losses from the shareholders' share of BLAGAB chargeable gains made for the accounting period under section 2A(1)(b) of TCGA 1992, as permitted by section 210A(2A)(b) of that Act.”

(3)

In section 269ZFB(2), at the end of paragraph (b) insert “and provided that no deductions of non-BLAGAB allowable losses from the shareholders' share of BLAGAB chargeable gains are to be made under section 2A(1)(b) of TCGA 1992, as permitted by section 210A(2A)(b) of that Act.”