[74ZA No relief for tax-generated losses]
Income Tax Act 2007 (2007 c 3) | Legislation

[General restrictions on sideways relief and capital gains relief]

[74ZA  No relief for tax-generated losses]

[(1)     This section applies if—

(a)     during a tax year a person carries on (alone or in partnership) a trade, profession or vocation (“the relevant activity”),

(b)     the person makes a loss in the relevant activity in that tax year, and

(c)

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