Guidance

Limit on Income Tax reliefs (Self Assessment helpsheet HS204)

Find out the total amount of certain Income Tax reliefs that can be used to reduce your total taxable income and complete your Self Assessment tax return.

Documents

Working sheet 1: Adjusted total income limit (2020)

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Working sheet 2: record your losses (2020)

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Working sheet 2: record your losses (2017)

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Details

This guide explains the limits if you’re claiming certain Income Tax reliefs. It includes:

  • Trade Loss Relief
  • Property Loss Relief
  • Post cessation Trade and Property Reliefs
  • Employment Loss Relief
  • Losses on Deeply Discounted Securities
  • Share Loss Relief
  • Qualifying Loan Interest
Published 4 July 2014
Last updated 7 April 2020 + show all updates
  1. Helpsheet and working sheets 1 and 2 have been added for the tax year 2019 to 2020.

  2. The 2018 to 2019 HS204 helpsheet and related working sheets have been added to the page.

  3. The 2017 to 2018 helpsheet and working sheets have been added to this page.

  4. The 2016 to 2017 helpsheet and working sheets have been added to this page.

  5. Rates, allowances and duties have been updated for the tax year 2016 to 2017.

  6. HS204 limit on Income Tax reliefs (2014) and HS204 working sheet 1 (2015) have been updated.

  7. Rates, allowances and duties have been updated for the tax year 2015 to 2016.

  8. First published.