Income Tax Act 2007 (c. 3)

Part 4 U.K. Loss relief

Chapter 5 U.K. Losses in an employment or office

130 Treating loss in employment or office as CGT loss U.K.

A person who cannot deduct all of a loss in an employment or office under a claim for employment loss relief against general income may be able to treat the unused part as an allowable loss for capital gains tax purposes: see sections 261B and 261C of TCGA 1992.