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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Restrictions: capital losses: introduction: layout of instructions: pre 16 March 1993 gains

The provisions of TCGA92/SCH7A only apply where pre-entry losses are set against gainswhich arise on or after 16 March 1993. If the gains arose before this date, you may needto consider the instructions at CG48000+. These describe the approach to cases where,before FA93, a chargeable gain and an allowable loss were brought together in a singlecompany, but the gain and the loss accrued over periods when the assets were held bydifferent companies.