{
  "url": "https://openlegislation.uk/finance-act-2022/schedule-1/paragraph-43",
  "json_url": "https://openlegislation.uk/finance-act-2022/schedule-1/paragraph-43.json",
  "legislation": "ukpga/2022/3",
  "legislation_title": "Finance Act 2022",
  "legislation_url": "https://openlegislation.uk/finance-act-2022",
  "path": "schedule/1/paragraph/43",
  "kind": "paragraph",
  "number": "43",
  "heading": "Income Tax Act 2007",
  "text": "(1) Section 70 (determining losses in previous tax years) is amended as follows.\n(2) Omit subsection (2).\n(3) In subsection (3), in the words before paragraph (a), for “This loss” substitute “The loss”.\n(4) In subsection (4), in the words after paragraph (b)—\n(a) for “203(2)”, in both places, substitute “7A(2)”;\n(b) omit “to basis periods are read as references to tax years and references”.\n(5) In subsection (5), for “203(3) or (4)” substitute “7A(3) or (4)”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2022/3/schedule/1/paragraph/43",
    "retrieved_at": "2026-10-29T08:57:50.927298+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."
}