37(1)Section 404 of the Taxes Act 1988 (limitation of group relief in relation to dual resident investment companies) is amended as follows.
(2)In subsection (2), for paragraph (a) substitute—
“(a)in which the trading loss or Schedule A loss is incurred; or
(aa)in which the non-trading deficit on the company’s loan relationships arises; or”.
(3)In subsection (6), omit paragraph (c).