CTA10/PART14/CHAPTERS3 and 4

General – loss buying

The provisions in CTA10/PART14 contain the CT ‘loss-buying’ rules that apply to taxable credits and deductible debits arising under CTA09/PART8.

The specific credits and debits affected are those that fall into the ‘non-trading’ category (see CIRD13530). Where credits and debits arising under CTA09/PART8 are taken into account for CT in computing income from a wider source (a trade or property business), no adaptation of the loss-buying rules described in CTM06300 onwards (trades) and PIM4250 (property business) is necessary.

The provisions in CTA10/PART14/CHAPTER3 limit the extent to which:

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