SCHEDULES
SCHEDULE 2Transitionals and savings
Part 5Losses (except losses on disposal of shares)
Reliefs for non-active partners not to exceed contribution to the firm
30
1
The relief covered by section 110(5) includes—
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
Sub-paragraph (1) is subject to paragraph 33.
3
The income covered by section 110(6) includes amounts treated as received as a result of the application of section 74 of FA 2005.