CG45921 - Groups: loss restriction by reference to capital allowances
»Ê¹ÚÌåÓýapp capital gains rules eliminate double relief by restricting the expenditure taken into account in a loss computation. Expenditure is excluded by TCGA92/S41 (2) to the extent that any capital allowance or renewals allowance has been or may be made in respect of it. »Ê¹ÚÌåÓýappre are further rules extending the loss restriction where there is effective continuity of treatment between different persons for capital allowances or capital gains purposes.