Textual Amendments
F1Sch. A1 inserted (with effect in accordance with Sch. 25 para. 9 of the amending Act) by Finance Act 2008 (c. 9), Sch. 25 para. 5
15(1)This paragraph applies where the qualifying activity is managing the investments of a company with investment business.U.K.
(2)The amount of the loss that is unrelieved is the amount of the loss (see paragraph 8), reduced by the amount of—
(a)any loss that was or could have been surrendered under section 403(1) of ICTA (surrender of relief to group or consortium members), and
(b)any amount set off against the loss under section 400 of that Act (write-off of government investment).
(3)For this purpose, no account is to be taken of any amount brought forward from an earlier chargeable period under section 75(9) of that Act.]