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Where Taxpayers and Advisers Meet
Restriction of loss relief
-
Brightonian
- Posts:137
- Joined:Wed Aug 06, 2008 3:31 pm
Can anyone help with the post-April 2013 rules please? Does the £50,000 limit appear to the year in which the losses arise or the year in which they are relieved? If, say, I had losses of £100,000 in 2014/15, could I claim up to £50,000 in 2014/15 and a further amount of up to £50,000 in 2013/14 under S.64 ITA 2007? Or am I limited to a total claim of £50,000 which can be allocated to either year or both?
