{
  "url": "https://openlegislation.uk/income-tax-act-2007/section-91",
  "json_url": "https://openlegislation.uk/income-tax-act-2007/section-91.json",
  "legislation": "ukpga/2007/3",
  "legislation_title": "Income Tax Act 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-act-2007",
  "path": "section/91",
  "kind": "section",
  "number": "91",
  "heading": "How relief works",
  "text": "This section explains how the deductions are to be made. The amount of the relievable loss to be deducted at any step is limited in accordance with section 25(4) and (5).\nStep 1\nDeduct the relievable loss from the profits of the trade of the final tax year.\nStep 2\nDeduct any part of the relievable loss not deducted at Step 1 from the profits of the trade of the previous tax year.\nStep 3\nDeduct any part of the relievable loss not deducted at Step 1 or 2 from the profits of the trade of the tax year before the previous one.\nStep 4\nDeduct any part of the relievable loss not deducted at Step 1, 2 or 3 from the profits of the trade of the tax year before that one.\nOther claims\nIf the relievable loss has not been deducted in full at Steps 1 to 4, the person may use the part not so deducted in giving effect to any other relief under this Chapter (depending on the terms of the relief).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "Ss. 89-91 applied (with application in accordance with Sch. 1 para. 64 of the amending Act) by Finance Act 2022 (c. 3), Sch. 1 para. 71(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/3/section/91",
    "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."
}