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 onwards.
Sideways loss relief also comes within the income tax reliefs cap, see .
Contents20 entries
- BIM85701Trade losses - restriction of relief: introduction
- BIM85703Trade losses - restriction of relief: interaction with the income tax reliefs cap
- BIM85705Trade losses - restriction of relief: uncommercial trades - not on a commercial basis
- BIM85710Trade losses - restriction of relief: uncommercial trades - not with a view to the realisation of profit
- BIM85715Trade losses - restriction of relief: change in conduct of trade
- BIM85720Trade losses - restriction of relief: larger undertaking
- BIM85725Trade losses - restriction of relief: partners
- BIM85730Trade losses - restriction of relief: inclusion of capital allowances
- BIM85735Trade losses - restriction of relief: uncommercial losses made in early years of trade
- BIM85740Trade losses - restriction of relief: contrived trading losses
- BIM85750Trade losses - restriction of relief: first year allowances and annual investment allowances
- BIM85760Trade losses - restriction of relief: income not eligible/losses not eligible
- BIM85761restriction of relief: no sideways relief for tax-generated losses
- BIM85762restriction of relief: tax-generated losses
- BIM85765restriction of relief: non-active traders - overview
- BIM85766restriction of relief: non-active traders - annual limit
- BIM85767restriction of relief: non-active traders - basis period straddling 12 March 2008
- BIM85768Trade losses - restriction of relief: non-active traders - film-related expenditure
- BIM85769Trade losses - restriction of relief: non-active traders - tax-generated losses 12 March 2008 to 20 October 2009
- BIM85770Trade losses - restriction of relief: non-active traders - basis period straddles, or tax avoidance arrangements predate, 12 March 2008