Finance Act 2010 Explanatory Notes

Summary

1.Section 25 provides for changes to the rules for property loss relief against general income, which may be claimed by persons within the charge to income tax. The changes prohibit tax-generated losses attributable to the annual investment allowance (AIA) being offset against general income. They apply to losses arising from or in connection with relevant tax avoidance arrangements entered into on or after 24 March 2010.

Back to top