Section 269ZDA — Corporation Tax Act 2010: References to a company’s “deductions allowance”

References to a company’s “deductions allowance” 269ZDA 1 This section applies for the purposes of sections 269ZB to 269ZD and 269ZFC.

2 A company’s “deductions allowance” for an accounting period is to be determined in accordance with section 269ZR where, at any time in that period—

a the company is a member of a group (see section 269ZZB),

and b one or more other companies within the charge to corporation tax are members of that group.

3 Otherwise, a company’s “deductions allowance” for an accounting period is to be determined in accordance with section 269ZW.

4 But subsections (2) and (3) are subject to section 269ZYA (deductions allowance for company without a source of chargeable income).