Section 330B | Exclusion of debit where relief allowed to another

A company is not to bring into account as a debit for the purposes of this Part as a result of section 330A an amount which—^F1

(a)is brought into account as a debit for those purposes by another company,^F1

(b)is brought into account so as to reduce the assumed taxable total profits of another company for the purposes of Part 9A of TIOPA 2010 (controlled foreign companies), or^F1

(c)is allowable as a deduction by a person for the purposes of income tax.^F1