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Legislation
Income Tax Act 2007

Crossheading Amounts treated as profits of a trade

  • Section 517B Disposals of land in the United Kingdom
  • Section 517C Disposals of land: profits treated as trading profits
  • Section 517D Disposals of property deriving its value from land in the United Kingdom
  • Section 517E Disposals within section 517D: profits treated as trading profits
  • Section 517F Profits and losses
  1. Amounts treated as profits of a trade
  2. Profits and losses

Section 517F | Profits and losses

From legislation.gov.uk

(1)Sections 517B to 517E have effect as if they included provision about losses corresponding to the provision they make about profits and gains.

(2)Accordingly, in the following sections of this Part references to a “profit or gain” include a loss.

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