Finance Act 2024 (c. 3)

Schedules

Schedule 10 U.K. Calculation of trade profits etc

Part 2 U.K. Minor and consequential amendments

Chapter 2 U.K. Amendments of other Acts

ITA 2007 U.K.

45 (1) ITA 2007 is amended as follows—

(2) In section 64(8) (deduction of losses from general income), omit paragraph (bb).

(3) In section 72(5) (relief for individuals for losses in first 4 years of trade), omit paragraph (bb).