Statute
Section 71 — Income Tax Act 2007: Treating trade losses as CGT losses
Text of the provision Official document
Treating trade losses as CGT losses 71 A person who cannot deduct all of a loss under a claim for trade loss relief against general income may be able to treat the unused part as an allowable loss for capital gains tax purposes: see sections 261B and 261C of TCGA 1992.
Official source: legislation.gov.uk
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