74 Restrictions on relief unless trade is commercial etc
Income Tax Act 2007 (2007 c 3) | Legislation

74  Restrictions on relief unless trade is commercial etc

(1)     Early trade losses relief for a loss made by an individual in a trade in a tax year is not available unless the trade is commercial.

(2)     The trade is commercial if it is carried on throughout . . . the tax year—

(a)     on a commercial

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