Part 4U.K.Loss relief

Chapter 7U.K.Losses from miscellaneous transactions

SupplementaryU.K.

155Time limit for claiming reliefU.K.

(1)So far as a claim for loss relief against miscellaneous income concerns the amount of the loss for a tax year, it must be made [F1not more than 4 years after the end of] the tax year.

(2)But—

(a)the question whether, and

(b)if so, how much,

loss relief against miscellaneous income should be given for a tax year may be the subject of a separate claim made [F2not more than 4 years after the end of] the tax year.

Textual Amendments

F1Words in s. 155(1) substituted (1.4.2010) by Finance Act 2008 (c. 9), s. 118(2), Sch. 39 para. 58; S.I. 2009/403, art. 2(2) (with art. 10)

F2Words in s. 155(2) substituted (1.4.2010) by Finance Act 2008 (c. 9), s. 118(2), Sch. 39 para. 58; S.I. 2009/403, art. 2(2) (with art. 10)