Skip to content
Solved

BIM85700 | restriction of relief: contents

From HM Revenue & Customs · Business Income Manual

Trade losses may be relieved by deducting the amount of the loss from other types of taxable income. There are restrictions to the use of losses in this way, known as sideways relief, to ensure that relief is only given for genuine commercial losses. Additional restrictions apply to partnerships, see PM190000 onwards.

Sideways loss relief also comes within the income tax reliefs cap, see BIM85703.

Contents20 entries

  1. BIM85701Trade losses - restriction of relief: introduction
  2. BIM85703Trade losses - restriction of relief: interaction with the income tax reliefs cap
  3. BIM85705Trade losses - restriction of relief: uncommercial trades - not on a commercial basis
  4. BIM85710Trade losses - restriction of relief: uncommercial trades - not with a view to the realisation of profit
  5. BIM85715Trade losses - restriction of relief: change in conduct of trade
  6. BIM85720Trade losses - restriction of relief: larger undertaking
  7. BIM85725Trade losses - restriction of relief: partners
  8. BIM85730Trade losses - restriction of relief: inclusion of capital allowances
  9. BIM85735Trade losses - restriction of relief: uncommercial losses made in early years of trade
  10. BIM85740Trade losses - restriction of relief: contrived trading losses
  11. BIM85750Trade losses - restriction of relief: first year allowances and annual investment allowances
  12. BIM85760Trade losses - restriction of relief: income not eligible/losses not eligible
  13. BIM85761restriction of relief: no sideways relief for tax-generated losses
  14. BIM85762restriction of relief: tax-generated losses
  15. BIM85765restriction of relief: non-active traders - overview
  16. BIM85766restriction of relief: non-active traders - annual limit
  17. BIM85767restriction of relief: non-active traders - basis period straddling 12 March 2008
  18. BIM85768Trade losses - restriction of relief: non-active traders - film-related expenditure
  19. BIM85769Trade losses - restriction of relief: non-active traders - tax-generated losses 12 March 2008 to 20 October 2009
  20. BIM85770Trade losses - restriction of relief: non-active traders - basis period straddles, or tax avoidance arrangements predate, 12 March 2008