SCHEDULES

SCHEDULE 2Transitionals and savings

Part 5Losses (except losses on disposal of shares)

Reliefs for members of LLPs not to exceed contribution to the LLP

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1

The relief covered by section 107(6) includes—

a

relief given for a loss as a result of section 380 or 381 of ICTA, and

b

the treatment of a loss as an allowable loss by virtue of section 72 of FA 1991.

2

The income covered by section 107(7) includes amounts treated as received as a result of the application of section 74 of FA 2005.