PM163530 - Partner's basis period: losses
S854, S855 Income Tax (Trading and Other Income) Act 2005
»Ê¹ÚÌåÓýapp same basis period rules as set out in PM163510 apply to relivable losses from non-trading income sources.
But the ‘notional businessâ€� rules only determine the basis period for a loss. »Ê¹ÚÌåÓýapp loss relief rules appropriate to the particular type of loss determine the way in which it can be relieved.