SCHEDULES

SCHEDULE 2Transitionals and savings

Part 14Tax avoidance

Individuals claiming relief for film-related trading losses

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1

The claims covered by section 797(1)(a) include claims within section 119(1)(a) of FA 2004.

2

For the purposes of section 797—

a

a “relevant disposal” does not include a disposal which was made before 10 December 2003, and

b

an event occurring before the tax year 2007-08 is an “exit event” if (and only if) it is an “exit event” for the purposes of section 119 of FA 2004.