Income Tax Act 2007 (c. 3)

SCHEDULES

SCHEDULE 2 U.K. Transitionals and savings

Part 5 U.K. Losses (except losses on disposal of shares)

Reliefs for non-active partners not to exceed contribution to the firm U.K.

30 (1) The relief covered by section 110(5) includes— U.K.

(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) Sub-paragraph (1) is subject to paragraph 33.

(3) The income covered by section 110(6) includes amounts treated as received as a result of the application of section 74 of FA 2005.