SCHEDULES
SCHEDULE 2Transitionals and savings
Part 5Losses (except losses on disposal of shares)
Reliefs for limited partners not to exceed contribution to the firm
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1
The relief covered by section 104(5) includes—
a
relief given for a loss as a result of section 380 or 381 of ICTA,
b
any amount that, ignoring this Act, would have been included in the individual's aggregate amount in relation to the trade for the purposes of section 117 of ICTA as a result of paragraph 22(3) of Schedule 2 to CAA 2001, and
c
the treatment of a loss as an allowable loss by virtue of section 72 of FA 1991.
2
The income covered by section 104(6) includes amounts treated as received as a result of the application of section 74 of FA 2005.