Part 5 – Losses (Except Losses on Disposal of Shares)
GENERAL: CARRY FORWARD LOSS RELIEFS
18(1) The repeal by this Act of the superseded carry forward provisions does not alter the effect of those provisions so far as they determine–
(b)to what extent,
relief for any loss made (or treated as made) in a tax year before the tax year 2007–08 is to be given for the tax year 2007–08 or any subsequent tax year.
18(2) But any relief for the loss (or any part of the loss) which is given for the tax year 2007–08 or any subsequent tax year is to be given in accordance with the relevant provisions of Part 4 of this Act.