(1) For the purposes of this section relevant trading losses and relevant trading charges relating to a specified trade relevant to a qualifying asset which was the subject of a claim under section 769I(2) shall be the amount of such losses or charges as reduced by -
QE + UE
OE
where -
QE is the qualifying expenditure on the qualifying asset,
UE is the uplift expenditure, and
OE is the overall expenditure on the qualifying asset.
(2) Notwithstanding any other provision of the Tax Acts, where a company makes a claim for relief under -
(a) section 243A, that section shall apply, with any necessary modifications, as if the amount of relevant trading charges on income relating to a specified trade were reduced by 20 per cent,
(b) section 396A or 420A, the section shall apply, with any necessary modifications, as if the amount of a relevant trading loss arising in the course of a specified trade were reduced by 20 per cent, or
(c) section 243B, 396B or 420B, the section shall apply,
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