Section 117 | Overview of Chapter

(1)This Chapter—

(a)provides for losses made in a UK property business or overseas property business in a tax year to be carried forward for deduction from profits in subsequent tax years (see sections 118 and 119),

(b)provides in limited circumstances for relief against general income for losses made in a UK property business or overseas property business (see sections 120 to 124), and

(c)provides for relief for certain post-cessation payments and events in connection with a UK property business (see section 125).

(2)Repealed

(2A)Repealed

(3)This Chapter also contains provision restricting relief under this Chapter (see sections 127A to 127C).