If the threshold established above can be passed and an FHL business is assessable as a trade, the full range of income tax loss relief provisions will become available to it. There is nothing specific to FHLs in the income tax trading loss provisions but it is still worth making a few relevant comments. The available loss relief options would also be increased for corporation tax purposes, but as will be apparent from the following comments there is less that is worthy of note in that context.

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