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 members of LLPs not to exceed contribution to the LLP U.K.

28 (1) The relief covered by section 107(6) 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) The income covered by section 107(7) includes amounts treated as received as a result of the application of section 74 of FA 2005.