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Legislation
Income Tax Act 2007

Crossheading Use of trading loss as CGT loss

  • Section 71 Treating trade losses as CGT losses
  1. Use of trading loss as CGT loss
  2. Treating trade losses as CGT losses

Section 71 | Treating trade losses as CGT losses

From legislation.gov.uk

A person who cannot deduct all of a loss under a claim for trade loss relief against general income may be able to treat the unused part as an allowable loss for capital gains tax purposes: see sections 261B and 261C of TCGA 1992.

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