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32 Oil Companies—Carrying Forward Of Losses

Volume 890: debated on Monday 21 April 1975

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Motion made, and Question,

That relief from corporation tax by setting off losses against trading income of subsequent accounting periods may be restricted in the case of losses made by certain companies before 1st January 1973.—[Mr. Healey.]
put forthwith pursuant to Standing Order No. 94 (Ways and Means motions), and agreed to.