This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Capital Gains Manual

Restrictions: capital losses: introduction: general


The provisions apply to accounting periods ending on or after 16 March 1993, which willgenerally be governed by the TCGA92 consolidation. But any accounting period ending on orafter 16 March 1993 which began before 6 April 1992 will be governed by the pre-consolidation legislation, TCGA92/S289 (1). So FA93/S88 (4) introduces the loss set-offrestrictions into the earlier legislation as well.