Section 156 | “Losses” and “profits” ^F1

(1)In this Part “losses” includes amounts which are not losses but in respect of which relief may be given in accordance with the Tax Acts including (for example)—^F2

(a)section 57 of ITTOIA 2005 (pre-trading expenses),

(b)section 88 of ITA 2007 (carry forward of certain interest),

(c)section 61 of CTA 2009 (pre-trading expenses),

(d)sections 387 to 391 of CTA 2009 (insurance companies: non-trading deficits on loan relationships),

(e)Chapter 16 or Chapter 16A of Part 5 of CTA 2009 (non-trading deficits on loan relationships),^F3

(f)section 1223 of CTA 2009 (excess of management expenses), ...^F4

(g)Part 5 of CTA 2010 (group relief) , or^F1

(2)In this Part “profits” includes income.