Restrictions: capital losses: anti-flooding rule: pooled assets
There are supplementary rules for pooled assets. These prevent pre-entry expenditure effectively being taken into account as the cost of post-entry assets through the normal operation of the part-disposal rules. See CG47680+.
Note: Additional rules relating to loss buying were enacted in FA 2006. See CG47020+ for guidance on the rules which apply in priority to TCGA92/SCH7A for accounting periods ending on or after 5 December 2005.
FA11/S46 and FA11/SCH11 greatly simplified the rules in TCGA92/SCH7A for the deduction of losses on or after 19 July 2011. See CG47400+ for guidance on loss streaming from that date.