Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Income Tax Act 2007 section 64
Trade loss relief against general income
Section 64 allows trade losses to be set against general income; paragraphs 19 and 20 of Schedule 2 provide transitional rules for the changeover from the old ICTA regime to the Income Tax Act 2007, dealing specifically with losses arising in 2007-08 and how they interact with the prior year 2006-07.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.