# Finance Act 2020, Paragraph 37


(1) Section 269CB (restriction on deductions for non-trading deficits from loan relationships) is amended as follows.
(2) In subsection (2)—
(a) for “relevant non-trading profits”, in both places it occurs, substitute “ total relevant non-trading profits ”, and
(b) for “subsection (2)” substitute “ subsection (2B) ”.
(3) In subsection (3), for “relevant non-trading profits”, in both places it occurs, substitute “ total relevant non-trading profits ”.

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Source: https://www.legislation.gov.uk/ukpga/2020/14/schedule/4/paragraph/37 (the official version)
Page: https://openlegislation.uk/finance-act-2020/schedule-4/paragraph-37
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.