Restrictions: capital losses: time-apportionment: pooled assets
If an asset pool has at any time contained a pre-entry asset, the pool is treated as including a part referable to pre-entry assets until all the pre-entry assets have been disposed of.
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.