138Pre-entry losses
(1)In paragraph 9(6) of Schedule 7A to the [1992 c. 12.] Taxation of Chargeable Gains Act 1992 (separate application of provisions relating to pre-entry losses in relation to different groups), for “for the purposes of this paragraph as the same group if” there shall be substituted “in relation to any company that is or has become a member of the second group (“the relevant company”) as the same group for the purposes of this paragraph if—
(a)the time at which the relevant company became a member of the first group is a time in the same accounting period as that in which the principal company of the first group became a member of the second group; or
(b)”.
(2)This section has effect in relation to any accounting period ending on or after 17th March 1998.