Commentary on Sections Overview Overview Section 71: Treating trade losses as CGT losses
270.This section is a signpost to a capital gains tax relief. It is new.
271.Capital gains tax relief may be available for a tax year in which there is insufficient income to absorb a claim for trade loss relief against general income. Details of that relief are set out in new sections 261B and 261C of TCGA, inserted by Schedule 1 to this Act.