Taxation of Chargeable Gains Act 1992 section 16ZB

Individual who has made election under section 16ZA: foreign chargeable gains remitted in tax year after tax year in which accrue

Section 16ZB restricts how allowable foreign losses (where an election has been made under section 16ZA) can be set against foreign chargeable gains that are taxed on the remittance basis in a later tax year than the year they arose.