# Finance Act 2020, Paragraph 20


In section 535B (use of pre-April 2019 residual business losses or deficits) at the end insert—
“(4) In determining, for the purposes of subsection (2)(a), the amount of allowable losses accruing on disposals made before 6 April 2019 which would otherwise have been deducted from gains accruing to residual business of the company, section 269ZBA (restriction on deductions) is to be ignored.”

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Source: https://www.legislation.gov.uk/ukpga/2020/14/schedule/4/paragraph/20 (the official version)
Page: https://openlegislation.uk/finance-act-2020/schedule-4/paragraph-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.