For the purposes of calculating the amount of profits or gains in respect of which Class 4 contributions are payable, relief is available under, and in the manner provided by, a number of provisions of the Taxes Acts, including the extension of offset to capital allowances:

the set-off of trading losses against general income (see ¶6210; though relief is restricted for Class 4 contribution liability to losses arising from activities, the profits or gains of which would be brought into computation for the purposes of Class 4 contributions);

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