[261B Treating trade loss etc as CGT loss]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[Deduction of trading losses or post-cessation expenditure etc]

[261B  Treating trade loss etc as CGT loss]

[(1)     A person may make a claim under this section if—

(a)     relief is available to the person under section 64 or 128 of ITA 2007 (trade or employment loss relief against general income) for a tax year in relation to an amount of loss, and

(b)     the person makes a claim under that section for the amount to be deducted in calculating the person's net income for the tax year.

(2)     A person may also make a claim under this section if—

(a)     relief is available to the person as mentioned

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