Part 4 U.K. Loss relief

Chapter 7 U.K. Losses from miscellaneous transactions

Supplementary U.K.

155 Time limit for claiming relief U.K.

(1) So far as a claim for loss relief against miscellaneous income concerns the amount of the loss for a tax year, it must be made [F1 not more than 4 years after the end of] the tax year.

(2) But—

(a) the question whether, and

(b) if so, how much,

loss relief against miscellaneous income should be given for a tax year may be the subject of a separate claim made [F2 not more than 4 years after the end of] the tax year.

Textual Amendments

F1 Words in s. 155(1) substituted (1.4.2010) by Finance Act 2008 (c. 9), s. 118(2), Sch. 39 para. 58; S.I. 2009/403, art. 2(2) (with art. 10)

F2 Words in s. 155(2) substituted (1.4.2010) by Finance Act 2008 (c. 9), s. 118(2), Sch. 39 para. 58; S.I. 2009/403, art. 2(2) (with art. 10)