# Income Tax Act 2007, Paragraph 525


In section 454 (listed securities held since 26th March 2003: relief for losses) for subsection (4) substitute—
“(4) If a claim under this section is made by a person other than a trustee, the relief is given by deducting the loss in calculating the person's net income for the tax year in which the disposal occurs (see Step 2 of the calculation in section 23 of ITA 2007).”

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/525 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-1/paragraph-525
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.