123 Meaning of “the loss has a capital allowances connection” and “the business has a relevant agricultural connection”
Income Tax Act 2007 (2007 c 3) | Legislation

123  Meaning of “the loss has a capital allowances connection” and “the business has a relevant agricultural connection”

(1)     This section applies for the purposes of sections 120 and 122.

(2)     The loss has a capital allowances connection if, in calculating the loss—

(a)     the amount of the capital allowances treated as expenses of the business, exceeds

(b)     the amount of any charges under

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