Share Loss Relief: background: further advice about Share Loss Relief
Any points of difficulty which are not covered by Help Sheet 286, the guidance in this manual, or the Capital Gains manual concerning the allowable losses eligible for relief, should be referred to Capital Gains: Technical in Solihull.
Once the amount of relief is determined, any questions about how the relief is allowed in computing a company’s total profits or in calculating an individual’s net income should be referred to CTISA (Structure, Incentives & Reliefs team). CTISA also deal with any difficulties concerning claims to relief and late claims. The guidance at BIM75225 applies to late claims under ITA07/S132 as it does to late claims for trading losses.