Paragraph 146

Section 1 (overview of Act) is amended as follows.

In subsection (2) (list of reliefs provided by Parts 4 to 7) after paragraph (f) insert—

“(fa)

group relief for carried-forward losses (see Part 5A),”

After subsection (2) insert—

“(2A)

Part 7ZA contains provision restricting the amount of certain deductions which may be made in calculating the profits of a company on which corporation tax is chargeable.”