Corporation Tax Act 2010 section 86

Power to amend requirements by Treasury order

Section 86 grants the Treasury the power to amend the qualifying conditions for share loss relief by means of a statutory order, without requiring a new Act of Parliament.

• The Treasury may amend sections 79 to 85 of the Corporation Tax Act 2010 by order
• Sections 79 to 85 set out the qualifying requirements a company must meet for share loss relief, including the trading, ownership, independence, and unquoted status requirements
• Amendments can be made through secondary legislation, meaning changes do not require a full Act of Parliament
• The Treasury has broad discretion to make whatever amendments to these requirements it considers appropriate