CG15831 - Losses: investment in unsuccessful trading companies

ITA07/S131 to S151, CTA10/S68 to S90

Capital losses are not normally set off against profits or income. The exception is allowable losses incurred by

• an individual, or
• an investment company

on certain disposals of unlisted shares in trading companies, provided the disposer was also the original subscriber, see VCM70000+.