# Finance Act 2021, Paragraph 4


In subsection (4), for the words from “sum of” to the end, substitute
“lesser of—
(a) the sum of—
(i) the amount of the Northern Ireland Chapter 2 surrenderable loss multiplied by the relevant percentage, and
(ii) the amount of the mainstream Chapter 2 surrenderable loss multiplied by the percentage specified in section 1058(1)(a) of CTA 2009, and
(b) the amount given by section 1058(1A) of CTA 2009.”

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Source: https://www.legislation.gov.uk/ukpga/2021/26/schedule/4/paragraph/4 (the official version)
Page: https://openlegislation.uk/finance-act-2021/schedule-4/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.