{
  "url": "https://openlegislation.uk/income-tax-act-2007/section-153",
  "json_url": "https://openlegislation.uk/income-tax-act-2007/section-153.json",
  "legislation": "ukpga/2007/3",
  "legislation_title": "Income Tax Act 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-act-2007",
  "path": "section/153",
  "kind": "section",
  "number": "153",
  "heading": "How relief works",
  "text": "This section explains how the deductions are to be made. The amount of the loss to be deducted at any step is limited in accordance with section 25(4) and (5).\nStep 1\nDeduct the loss from the relevant miscellaneous income for the loss-making year.\nStep 2\nDeduct from the relevant miscellaneous income for the next tax year the amount of the loss not previously deducted.\nStep 3\nContinue to apply Step 2 in relation to relevant miscellaneous income for subsequent tax years until all the loss is deducted.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in s. 153 inserted (with effect and application in accordance with s. 22(8) of the amending Act) by Finance Act 2015 (c. 11), s. 22(3)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "S. 153 modified (21.7.2009) by Finance Act 2009 (c. 10), s. 69(4)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/3/section/153",
    "retrieved_at": "2026-10-29T09:13:03.599581+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."
}