Section 23


Related Commentary  

1(1)  A person who has made a loss in a trade in the tax year 2008–09 or 2009–10 may make a claim for relief under this paragraph if–

(a)relief is available to the person under section 64 of ITA 2007 (trade loss relief against general income) in relation to an amount of the loss (“the section 64 amount”), and

(b)condition A or B is met.

1(2)  Condition A is that the person makes a claim under that section for relief in respect of the section 64 amount–

(a)where it is a loss made in the tax year 2008–09, for either or both of the tax years 2007–08 and 2008–09, or

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