# Income and Corporation Taxes Act 1970 (repealed 6.4.1992), Section 174: Carry-back of terminal losses.

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

1)—(12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(13) Where a person occupying woodlands has elected to be charged to income tax in respect thereof under Schedule D, this section shall apply to a terminal loss sustained by him in the occupation of the woodlands as it applies to a terminal loss sustained in a trade.

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Source: https://www.legislation.gov.uk/ukpga/1970/10/section/174 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1970-repealed-641992/section-174
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.