{
  "url": "https://openlegislation.uk/income-and-corporation-taxes-act-1970-repealed-641992/section-171",
  "json_url": "https://openlegislation.uk/income-and-corporation-taxes-act-1970-repealed-641992/section-171.json",
  "legislation": "ukpga/1970/10",
  "legislation_title": "Income and Corporation Taxes Act 1970 (repealed 6.4.1992)",
  "legislation_url": "https://openlegislation.uk/income-and-corporation-taxes-act-1970-repealed-641992",
  "path": "section/171",
  "kind": "section",
  "number": "171",
  "heading": "Carry-forward against subsequent profits.",
  "text": "1)—(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(5) Where a loss is sustained by a person in the occupation of woodlands, and that person, if he had made a profit, would by reason of his election under Paragraph 4 of Schedule 6 to the Finance Act 1988 have been chargeable for the following year to income tax under Schedule D computed on the amount of that profit, this section shall apply so as to give relief in respect of that loss in the same manner, and to the same extent, as if it were a loss sustained in a trade.\n6)-(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Part VII to Part X (ss. 168–237) repealed (except for ss. 168(8), 169(10), 171(5) and 174(13)) by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), s. 844, Sch. 31."
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Ss. 168(8), 169(10), 171(5) and 174(13) repealed (6.4.1993) by Finance Act 1988 (c. 39, SIF 63:1, 2), s. 148, Sch. 14 Pt. V."
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words substituted by Finance Act 1988 (c. 39, SIF 63:1, 2), s. 65, Sch. 6 para. 6(4)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1970/10/section/171",
    "retrieved_at": "2026-10-29T10:51:30.085904+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}