Section 73 | Relief for company trading losses.

(1)Repealed^F1

(2)Sections 393(2) to (6) and 394 of the Taxes Act 1988 (which are superseded by this section) shall cease to have effect.

(3)Schedule 15 to this Act shall have effect.

(4)This section shall have effect only in relation to losses incurred in accounting periods ending on or after 1st April 1991.

(5)Any enactment amended by this section or that Schedule shall, in its application in relation to losses so incurred, be deemed to have had effect at all times with that amendment; and where any such enactment is the re-enactment of a repealed enactment, the repealed enactment shall, in its application in relation to losses so incurred, be deemed to have had effect at all times with a corresponding amendment.