792 Partners claiming excess sideways or capital gains relief
Income Tax Act 2007 (2007 c 3) | Legislation

792  Partners claiming excess sideways or capital gains relief

(1)     This section applies if—

(a)     an individual carrying on a trade (“the relevant trade”) as a partner in a firm makes post-1 December 2004 losses in the relevant trade for which the individual claims relief within subsection (2),

(b)     any of sections 104, 107 and 110 applies in relation to the relief (whether or not any of those sections restricts the amount of the relief), and

(c)     after the individual makes the claim or claims, a chargeable event occurs.

(2)     The relief within this subsection is—

(a)     sideways relief but only if

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