ANNEX 1:: MINOR CHANGES IN THE LAW MADE BY THE BILL This change is in principle adverse to some taxpayers and favourable to others. But it is expected to have no practical effect as it is in line with current practice.
Change 13: Trading losses given against capital gains: effect of provisions restricting relief: sections 95, 104, 107, 109, 110, 113, 115 and 792 and Schedule 2Part 5 (reliefs for limited and non-active partners and for members of LLPs not to exceed contribution to the firm or LLP and members of LLPs and non-active partners: carry forward of losses)
This change provides that for limited partners etc:
	restrictions on using a trading loss against other income apply equally to treating the trading loss as a capital loss; and
	a trading loss used as a capital loss is accordingly treated in relation to those restrictions in the same way as if it had been used against other income.