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HMRC internal manual

Capital Gains Manual

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Restrictions: pre-entry loss: anti-flooding rule for pooled assets

TCGA92/SCH7A/PARA4 (13)

The indexed rise, in relation to disposals before 30 November 1993, is the amount of indexation allowance given by the formula in TCGA92/S54, disregarding the special indexation rules for pooled assets in TCGA92/S110.

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.