Regulation 8

an amalgamating company ceases to exist on the date of amalgamation;

any allowance of the amalgamating company arose, any loss was incurred by the amalgamating company or any donation was made by the amalgamating company in the year in which the amalgamation occurs; and

the date of amalgamation is earlier than the last day of the year referred to in paragraph (b), then the references to —

“the last day of the year in which the allowances arose” in section 23(4) of the Act; and

“last day of the year in which the loss was incurred or the donation was made, as the case may be,” in section 37(12) of the Act,shall, in relation to the amalgamating company and that allowance, loss or donation, be read in each case as a reference to “the day immediately before the date of amalgamation”.