# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 85Z4: Losses


(1) If the effect of any computation under regulations 85Z1 to 85Z3 would be to produce a loss, the basic gain on the disposal is nil.
(2) Paragraph (1) applies notwithstanding section 16 of TCGA 1992 (losses determined in like manner as gains).
(3) Accordingly, for the purposes of these Regulations, no loss is to be treated as arising on the disposal.

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Source: https://www.legislation.gov.uk/uksi/2006/964/regulation/85Z4 (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-regulations-2006/regulation-85Z4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.