Restrictions: pre-entry loss: time-apportionment
Paragraph 2(6A) and (6B) of Schedule 7A apply where a loss is set against a gain and either the loss or the gain, or both, arose on or after 11 March 1994.
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.