Income Tax Act 2007 (c. 3)

Part 4 U.K. Loss relief

Chapter 7 U.K. Losses from miscellaneous transactions

Supplementary U.K.

155 Time limit for claiming relief U.K.

(1) So far as a claim for loss relief against [F1 relevant] miscellaneous income concerns the amount of the loss for a tax year, it must be made [F2 not 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 [F1 relevant] miscellaneous income should be given for a tax year may be the subject of a separate claim made [F3 not more than 4 years after the end of] the tax year.

Textual Amendments

F1 Word in s. 155(1)(2) inserted (with effect and application in accordance with s. 22(8) of the amending Act) by Finance Act 2015 (c. 11), s. 22(6)

F2 Words 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)

F3 Words 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)