# Finance Act 2022, Paragraph 48: Income Tax Act 2007

Extent: E+W+S+N.I.

(1) Section 90 (losses that are “terminal losses”) is amended as follows.
(2) In subsection (4)—
(a) for “203(3) and (4)” substitute “7A(3) and (4)”;
(b) for “203(2)” substitute “7A(2)”.
(3) Omit subsection (5).

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Source: https://www.legislation.gov.uk/ukpga/2022/3/schedule/1/paragraph/48 (the official version)
Page: https://openlegislation.uk/finance-act-2022/schedule-1/paragraph-48
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.