Loss relief
Accrued income losses
Admitted avoidance scheme
Against general income
Annual investment allowances
Capital gains tax
Claims
Computation of available loss
Farming and market gardening
Limit on reliefs
Mechanics of relief
Nature of relief
Particular type of income
Restriction for business using cash basis
Restrictions on relief
Temporary extension of loss relief
Transitional provisions
Uncommercial trades
Agreement to forgo
Anticipated losses
Appellant carried on trade as a money lender
Appellant carrying on a single trade
Appellants carrying trade
Arrangements for exploitation of intellectual property rights
Capital allowances
Capital allowances, annual investment allowance
Capital gains tax
Carry forward of losses against subsequent profits
Carry-forward
Annual payments treated as losses
Change in nature of trade
Computation of loss
Interest and dividends
Interest payments as losses
Mechanics of relief
Nature of relief
Partnerships
Ring-fence trades
Trade carried on abroad
Transfer of loss-making trade to a company
Carrying on a trade, entitlement to relief
Claim for
Late claims
Two or more years
Claims
Against general income
Anticipated claims
General considerations
Generally
Late claims
National Insurance contributions, Class 2 and 4
Two or more years
Claims under more than one provision
Class 4 contributions
Commencement of trading
Commercial basis
Corporate venturing scheme
Corporation tax
Change in ownership of company
Exchange loss on repayment of foreign loans, trading transactions
Foreign exchange
Generally
Separate trade of dealing in securities
Streaming of losses against profits of predecessor trade
Succession to trade
Discovery assessment under Taxes Management Act 1970, s. 29
Disposal of shares in a qualifying trading company
Early trade loss relief
Breaks in trade
Calculation
Generally
Losses sustained in the tax year
Mechanics of relief
Nature of
Restrictions
Trade previously carried on by spouse/civil partner
Uncommercial trades, restriction
Early years of trade, method of calculating misunderstood
Employment loss relief
Claim included in return
Enquiry into return, Court's jurisdiction
Employment or office
Entitlement of loss relief in respect of LLP's trading losses
FA 2011 changes
Farming and market gardening
Farming and market gardening, restrictions
Farming losses against general income
Farming partnership losses, trade on a commercial basis
Film-related loss
Films
Foreign exchange losses, relief not claimable
Furnished holiday lettings
Furnished holiday lettings, commercial basis of letting
Further advances
Gilt strip planning
Group relief
HMRC toolkit
Income tax claim under more than one provision
Income tax, generally
Industrial and provident societies
Interpretation of Income and Corporation Taxes Act 1988, s. 118ZC(3), limit on loss relief for members of LLPs
Leased plant and machinery
Limit on reliefs
Adjusted total income
Income cap
Post cessation trade expenses
Limited partnership, limitation to amount of capital contributed to partnership
Lloyd's underwriters
Loans for discount housing
Miscellaneous income
Generally
How relief works
Time limit for claiming relief
Transactions in deposit rights
National Insurance contributions
Negligible value shares
Non-active traders, restriction
Capping of relief
Commencement provisions
Generally
Non-active capacity, meaning
Qualifying film expenditure, meaning
Total denial of relief for tax-generated losses
Withdrawal of relief
Nuclear Decommissioning Authority
Overview
Partnerships
Generally
Payment an incidental cost of obtaining loan finance
Post-cessation relief
Pre-trading expenditure
Property business
Carry-forward relief
Generally
Property businesses
Rental income or trading income
Restricted relief
Restriction for business using cash basis
Restriction on
Relief from 3 December 2014
Reliefs affected by cap
Restriction under ITA 2007, s. 66 and 67
Losses applies only to 'hobby' farming
Losses incurred in racehorse related activity against other income
Sale of factory under original contract
Set off losses from two trades
Trades carried on on a commercial basis
Trades carried on with a view to the realisation of profits
Set-off, profits of same/earlier accounting period
Share disposals
Share loss relief
Sideways loss relief
Sideways relief, restrictions
Capital gains tax relief
Dealing in commodity futures
Film exploitation
First-year allowances
Generally
Investments to obtain, anti-avoidance provisions
Ring fence income
Tax avoidance arrangements
Tax-generated losses
Trade carried on abroad
Trade leasing allowances
Terminal loss relief claim, cessation of separate trades
Terminal losses
Test for admissibility of extra-statutory materials
Third share in capital of LLP, contributed as capital
Time-limit for claims
Tonnage tax
Trade
Race horse bloodstock breeding and training
Realisation of profits
Trade loss relief
Trade loss relief for loss made in the trade of farming
Trading on commercial basis, meaning
Transactions in debts
Transactions in deposits with or without certificates
Transfer of securities, accrued income
Transfer of trade without change of ownership
Transitional provisions
Uncommercial trades, restriction
Yacht chartering business carried out on commercial basis
Year of assessment
