Commentary on Sections Overview Overview Section 86: Trade transferred to a company
300.This section provides for certain cases in which an individual’s carry-forward trade losses may be used against income that the individual derives from a company to which the trade has been transferred and in which that individual was allotted shares. It is based on section 386(1) and (3) of ICTA.
301.Section 386(2) of ICTA has not been rewritten. See Change 11 in Annex 1.