PART X LOSS RELIEF AND GROUP RELIEF
F22CHAPTER I LOSS RELIEF: INCOME TAX
F23F4Losses from F5UK property business or overseas property business
S. 379A and preceding cross-heading inserted (with effect in accordance with s. 39(4)(5) of the amending Act) by Finance Act 1995 (c. 4), Sch. 6 para. 19(1)
S. 379A cross-heading substituted (with effect in accordance with s. 38(2)(3) of the amending Act) by Finance Act 1998 (c. 36), Sch. 5 para. 26 (with Sch. 5 para. 73)
Words in cross-heading preceding s. 379A substituted (6.4.2005 with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), Sch. 1 para. 156(8) (with Sch. 2)
379AF1Losses from UK property business.
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
379BF6 Losses from overseas property business.
F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade etc. losses
380 Set-off against general income.
F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
381 Further relief for individuals for losses in early years of trade.
F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
382 Provisions supplementary to sections 380 and 381.
F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
383 Extension of right of set-off to capital allowances.
F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
384 Restrictions on right of set-off.
F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
384AF20 Restriction of set-off of allowances against general income
F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
385 Carry-forward against subsequent profits.
F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
386 Carry-forward where business transferred to a company.
F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
387 Carry-forward as losses of amounts taxed under section 350.
F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
388 Carry-back of terminal losses.
F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
389 Supplementary provisions relating to carry-back of terminal losses.
F17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
390 Treatment of interest as a loss for purposes of carry-forward and carry-back.
F18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
391 Losses from trade etc. carried on abroad
F19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Case VI losses
392Losses from miscellaneous transactions
F21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F37CHAPTER II LOSS RELIEF: CORPORATION TAX
Pt. 10 Ch. 2 (ss. 392A-396) repealed (1.4.2010 with effect in accordance with s. 1184(1) of the repealing Act) by Corporation Tax Act 2010 (c. 4), Sch. 1 para. 34, Sch. 3 Pt. 1 (with Sch. 2)
F38 Losses from F27UK property business or overseas property business
Ss. 392A, 392B and preceding cross-heading inserted (with effect in accordance with s. 38(2)(3) of the amending Act) by Finance Act 1998 (c. 36), Sch. 5 para. 28 (with Sch. 5 paras. 72, 73)
Words in cross-heading preceding s. 392A substituted (1.4.2009 with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), Sch. 1 para. 108(8) (with Sch. 2 Pts. 1, 2)
392AF24UK property business losses
F25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
392B Losses from overseas property business.
F26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trade etc. losses
393 Losses other than terminal losses.
F28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F29393A Losses: set off against profits of the same, or an earlier, accounting period.
F30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
393BF34Losses of ring fence trade: set off against profits of an earlier accounting period
F31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F32394 Terminal losses.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
395 Leasing contracts and company reconstructions.
F33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Case VI losses
396F35Losses from miscellaneous transactions
F36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER III LOSS RELIEF: MISCELLANEOUS PROVISIONS
397 Restriction of relief in case of farming and market gardening.
F39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
398 Transactions in deposits with and without certificates or in debts.
M1Where F40a company sustains a loss on the exercise or disposal of a right to receive any amount, being a right to which section 56(2) F41. . . applies, in a case where—
a
b
399 Dealings in commodity futures etc: withdrawal of loss relief.
F48. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
400 Write-off of government investment.
F49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
401 Relief for pre-trading expenditure.
F50. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F79CHAPTER IV GROUP RELIEF
Pt. 10 Ch. 4 (ss. 402-413) repealed (1.4.2010 with effect in accordance with s. 1184(1) of the repealing Act) by Corporation Tax Act 2010 (c. 4), Sch. 1 para. 39, Sch. 3 Pt. 1 (with Sch. 2)
402 Surrender of relief between members of groups and consortia.
F51. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
403 Losses etc. which may be surrendered by way of group relief.
F52. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
403ZAF80 Amounts eligible for group relief: trading losses.
F53. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
403ZB Amounts eligible for group relief: excess capital allowances.
F54. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
403ZC Amounts eligible for group relief: non-trading deficit on loan relationships.
F55. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
403ZD Other amounts available by way of group relief.
F56. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
403ZE Computation of gross profits.
F57. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
403AF81 Limits on group relief.
F58. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
403B Apportionments under section 403A.
F59. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
403C Amount of relief in consortium cases.
F60. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
403DF82F61Relief for or in respect of UK losses of non-resident companies
F62. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
403E Relief for overseas losses of UK resident companies.
F63. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
403FF83Relief in respect of overseas losses of non-resident companies
F64. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
403GF84Unallowable overseas losses of non-resident companies
F65. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
404 Limitation of group relief in relation to certain dual resident companies.
F66. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
405 Claims relating to losses etc. of members of both group and consortium.
F67. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
406 Claims relating to losses etc. of consortium company or group member.
F68. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
407 Relationship between group relief and other relief.
F69. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
408 Corresponding accounting periods.
F70. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
409 Companies joining or leaving group or consortium.
F71. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
410 Arrangements for transfer of company to another group or consortium.
F72. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
411 Exclusion of double allowances.
F73. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
411ZAF85No relief where deduction of relevant return under alternative finance arrangements disallowed
F74. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F75411A Group relief by way of substitution for loss relief.
F76. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
412 Claims and adjustments.
F77. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
413 Interpretation of Chapter IV.
F78. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pt. 10 Ch. 1 (ss. 379A-392) repealed (6.4.2007 with effect in accordance with s. 1034(1) of the repealing Act) by Income Tax Act 2007 (c. 3), Sch. 1 para. 73, Sch. 3 Pt. 1 (with Sch. 2)