This is the original version (as it was originally enacted).
525In section 454 (listed securities held since 26th March 2003: relief for losses) for subsection (4) substitute—
“(4)If a claim under this section is made by a person other than a trustee, the relief is given by deducting the loss in calculating the person’s net income for the tax year in which the disposal occurs (see Step 2 of the calculation in section 23 of ITA 2007).”
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