[1E Losses deductible only when within scope of tax etc]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[Deduction of allowable losses]

[1E  Losses deductible only when within scope of tax etc]

[(1)     A loss is not an allowable loss if it accrues in a tax year at a time when, had a gain accrued instead, the gain would not have been chargeable to capital gains tax under this Act for the tax year (and see also sections 16(2) and

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