Part 4 Loss relief

Chapter 1 Introduction

35 Overview of Part
(1) This Part provides corporation tax relief for—
(a) losses made in a trade (see Chapter 2 as well as the restrictions on relief in Chapter 3 relating to limited partnerships and limited liability partnerships),
(b) losses made in a UK property business or overseas property business (see Chapter 4),
(c) losses made on a disposal of certain shares (see Chapter 5), and
(d) losses made in certain miscellaneous transactions (see Chapter 6).
(2) This Part also provides for the reduction of available relief if there is a write-off of government investment in a company (see Chapter 7).
(3) For rules about the calculation of losses for the purposes of this Part, see—
(a) section 47 of CTA 2009 (losses of a trade calculated on same basis as profits), and
(b) section 210 of CTA 2009 (which applies section 47 of that Act, so that losses of a UK property business or overseas property business are calculated on the same basis as profits).
(4) See also Part 17 of CTA 2009 for rules about how to calculate the losses of a company that is a partner in a partnership.