Part 4

Loss relief
Chapter 2

Trade losses

Restriction on sideways relief for specific trades

Exploitation of films
82
In the case of a trade carried on by an individual which consists of or includes the exploitation of films—
a
see section 115 for a restriction on sideways relief if the trade was carried on by the individual as a partner in a firm, and
b
see section 796 for a charge to income tax if the individual made a loss in the trade (whether carried on alone or as a partner in a firm) for which sideways relief is claimed.
Words in s. 82(a) substituted (retrospective to 6.4.2007) by Finance Act 2007 (c. 11), Sch. 4 paras. 6, 21