BIM85605 | Farming losses: trade loss relief against general income
From HM Revenue & Customs · Business Income Manual
S, S Income Tax Act 2007
Where a loss is caught by either of the restrictions (1) or (2) at :
trade loss relief against general income is denied in respect of the loss,
relief against capital gains (see ) is similarly denied,
no restriction is imposed on the right to carry forward unused losses against future profits of the same trade (see ).