This is another transitional arrangement. It provides for relief for corporation tax losses against dividends received during a period or part of a period ending prior to 6th April, 1976, which is within the charge to corporation tax. It secures that the losses in question may be set against such dividends as if they were franked investment income.
SECTION 179.
Question proposed: " That section 179 stand part of the Bill."
Question put and agreed to.