# Finance Act 1974, Paragraph 8


(1) Where, in the case of any person, section 39(1) of this Act applies in relation to any chargeable period, then, if any development losses accrued to him in that period, they shall for the purposes of section 176 or 179 of the Taxes Act ( Case VI losses) be treated as reduced by the amount of the development gains which, but for the said section 39(1), would have accrued to him in the period in which the development losses accrued.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) For any year of assessment in which a married woman is living with her husband, they shall be treated for the purposes of this paragraph as one person.

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Source: https://www.legislation.gov.uk/ukpga/1974/30/schedule/6/paragraph/8 (the official version)
Page: https://openlegislation.uk/finance-act-1974/schedule-6/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.