LAM07300 | Trade profits: Trading losses: non-BLAGAB
From HM Revenue & Customs · Life Assurance Manual
The normal CTA10 loss rules apply to non-BLAGAB trading losses which are calculated in the same way as trade profits. This differs from BLAGAB trade losses, which are subject to the special rules described LAM07100 - LAM07220 and underlines the need for a separate calculation of BLAGAB and non-BLAGAB losses.