Part 4

Loss relief
Chapter 6

Losses on disposal of shares

Share loss relief against general income

Entitlement to claim
132
1
An individual who is eligible for share loss relief may make a claim for the loss to be deducted in calculating the individual's net income—
a
for the year of the loss,
b
for the previous tax year, or
c
for both tax years.
(See Step 2 of the calculation in section 23.)
2
If the claim is made in relation to both tax years, the claim must specify the year for which a deduction is to be made first.
3
Otherwise the claim must specify either the year of the loss or the previous tax year.
4
The claim must be made on or before the first anniversary of the normal self-assessment filing date for the year of the loss.