Related Commentary  Related CasesRelated HMRC Manuals

261D(1)  A person may make a claim under this section if–

(a)relief is available to the person under section 96 or 125 of ITA 2007 (post-cessation trade or property relief) for a tax year in relation to an amount, and

(b)the person makes a claim under that section to deduct the amount in calculating the person’s net income for the tax year.

261D(2)  A person may also make a claim under this section if–

(a)relief is available to the person as mentioned in subsection (1)(a) for a tax year in relation to an amount, but

(b)the person’s total income for the tax year is nil.

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