BIM85700 - restriction of relief: contents

Trade losses may be relieved by deducting the amount of the loss from other types of taxable income. There are restrictions to the use of losses in this way, known as sideways relief, to ensure that relief is only given for genuine commercial losses. Additional restrictions apply to partnerships, see BIM82600 onwards.

Sideways loss relief also comes within the income tax reliefs cap, see BIM85703.

1. BIM85701

   Introduction
2. BIM85703

   Interaction with the income tax reliefs cap
3. BIM85705

   Restriction of relief against general income - uncommercial trades - not on a commercial basis
4. BIM85710

   Uncommercial trades - not with a view to the realisation of profit
5. BIM85715

   Change in conduct of trade
6. BIM85720

   Larger undertaking
7. BIM85725

   Partners
8. BIM85730

   Inclusion of capital allowances
9. BIM85735

   Uncommercial losses made in early years of trade
10. BIM85740

    Contrived trading losses
11. BIM85750

    First year allowances and annual investment allowances
12. BIM85760

    Income not eligible/losses not eligible
13. BIM85761

    No sideways relief for tax-generated losses
14. BIM85762

    Tax-generated losses
15. BIM85765

    Non-active traders - overview
16. BIM85766

    Non-active traders – annual limit
17. BIM85767

    Non-active traders – basis period straddling 12 March 2008
18. BIM85768

    Non-active traders – film-related expenditure
19. BIM85769

    Non-active traders – tax-generated losses 12 March 2008 to 20 October 2009
20. BIM85770

    Non-active traders - basis period straddles, or tax avoidance arrangements predate, 12 March 2008