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 412B
Claims for additional relief: sideways relief
Section 412B allows a lender who has an irrecoverable peer-to-peer loan loss to claim sideways relief, enabling the loss (or part of it) to be set against interest income received from peer-to-peer loans held through other platforms, where the lender's interest income from the same platform is insufficient to absorb the full loss.
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.