# Finance Act 2005, Paragraph 7

Extent: E+W+S+N.I.

(1) For the purposes of paragraph 6 the “relevant assumptions” are—
(a) that the vulnerable person is resident ... in the United Kingdom throughout the tax year, and
(b) that he has given a notice under subsection (2A) of section 16 of TCGA 1992 (computation of losses) in respect of each loss accruing to him in the tax year which by virtue of section 1E(2) of that Act would not be an allowable loss (but for the assumption in paragraph (a)).
(2) But the relevant assumption in sub-paragraph (1)(a) does not apply for the purposes of section 1M of TCGA 1992 (temporary non-residents).

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Source: https://www.legislation.gov.uk/ukpga/2005/7/schedule/1/paragraph/7 (the official version)
Page: https://openlegislation.uk/finance-act-2005/schedule-1/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.