Income Tax Act 2007 (c. 3)

Part 4 Loss relief

Chapter 2 Trade losses

Introduction

63 Prohibition against double counting

If relief is given under any provision of this Chapter for a loss or part of a loss, relief is not to be given for—

(a) the same loss, or

(b) the same part of the loss,

under any other provision of this Chapter or of the Income Tax Acts.