# Finance (No. 2) Act 2010, Paragraph 3


After section 4A (as substituted by paragraph 2) insert—
“Deduction of losses etc in most beneficial way
4B (1) This section applies if the gains accruing to a person in a tax year are (apart from this section) chargeable to capital gains tax at different rates.
(2) Allowable losses may be deducted from those gains, and the exempt amount under section 3 may be used in respect of those gains, in such way as is most beneficial to that person.
(3) Subsection (2) is subject to any enactment which contains a limitation on the gains from which allowable losses may be deducted.”

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Source: https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2010/schedule-1/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.