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Paragraph 161

In section 269DA (surcharge on banking companies) in subsection (2) (calculation of “surcharge profits”)—

(a)

in the formula, after “NBGR+” insert “ NBGRCF+ ”, and

(b)

after the definition of “NBGR” insert—

““NBGRCF” is the amount (if any) of non-banking group relief for carried-forward losses that is given in determining those taxable total profits (see section 269DBA);”.