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Taxes Consolidation Act 1997 Schedule 18A paragraph 3
Gains from which pre-entry losses are to be deductible
Paragraph 3 of Schedule 18A restricts the chargeable gains against which a company's pre-entry losses may be offset after it joins a group, distinguishing between actual pre-entry losses and the pre-entry proportion of latent losses, and making special provision where two or more companies from an existing group join a new group together.
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