Part 4 U.K.Loss relief

Chapter 2 U.K.Trade losses

Restrictions on sideways relief for certain capital allowances U.K.

76 First-year allowances [F1 and annual investment allowances]: introduction U.K.

Sideways relief is not available to an individual for so much of a loss as derives from [F2 an annual investment allowance or] a first-year allowance under Part 2 of CAA 2001 if either section 77 or 78 applies.

Textual Amendments

F1 Words in s. 76 heading inserted (21.7.2008 with effect in accordance with Sch. 24 para. 23 of the amending Act) by Finance Act 2008 (c. 9), Sch. 24 para. 21(b)

F2 Words in s. 76 inserted (21.7.2008 with effect in accordance with Sch. 24 para. 23 of the amending Act) by Finance Act 2008 (c. 9), Sch. 24 para. 21(a)

Modifications etc. (not altering text)

C1 Ss. 75-79 applied (21.7.2009) by Finance Act 2009 (c. 10), Sch. 6 para. 1(11)(c)

C2 Ss. 75-79 applied (10.6.2021) by Finance Act 2021 (c. 26), Sch. 2 para. 3(1)(d)