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HMRC internal manual

Capital Gains Manual

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HM Revenue & Customs
Updated
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Restrictions: capital losses: pre-entry loss: realised pre-entry

Where the loss was realised pre-entry, the full amount of that loss as computed for capital gains purposes is a pre-entry loss.

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.