Section 269ZDA | References to a company’s “deductions allowance”

(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).