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Legislation
Income Tax Act 2007

Crossheading Restrictions on sideways relief for certain capital allowances

  • Section 75 Trade leasing allowances given to individuals
  • Section 76 First-year allowances and annual investment allowances: introduction
  • Section 77 First-year allowances: partnerships with companies
  • Section 78 First-year allowances and annual investment allowances: arrangements to reduce tax liabilities
  • Section 79 Capital allowances restrictions: supplementary
  1. Restrictions on sideways relief for certain capital allowances
  2. First-year allowances and annual investment allowances: introduction

Section 76 | First-year allowances and annual investment allowances: introduction

From legislation.gov.uk

Sideways relief is not available to an individual for so much of a loss as derives from an annual investment allowance or a first-year allowance under Part 2 of CAA 2001 if either section 77 or 78 applies.

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