Capital loss buying: approach prior to FA 1993: general
Capital Gains Technical Group will be happy to discuss cases where, having ascertained the full facts, you feel that it may be possible to mount a challenge on the grounds of CG48001 above.
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.