No deduction is permitted in computing chargeable gains and allowable losses for the following amounts (TCGA 1992, s. 39(1), (2),and 52(2)):

(1)expenditure allowable as a trading deduction (or in computing the profits or losses of a profession or vocation);

(2)expenditure allowable as a deduction in computing non-trading income, profits or gains for the purposes of taxing income;

(3)expenditure contributing to any non-trading revenue loss or which would have been deductible had the source in point produced income, profits or gains;

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