# Taxation of Chargeable Gains Act 1992, Paragraph 12


Where no relief from income tax (for a year earlier than 1971-72) has been given in respect of a loss or part of a loss allowable under Case VII of Schedule D, the loss or part shall, notwithstanding that the loss accrued before that year, be an allowable loss for the purposes of capital gains tax, but subject to any restrictions imposed by section 18.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/12 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-11/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.