Income and Corporation Taxes Act 1970 (repealed 6.4.1992)
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
171 Carry-forward against subsequent profits.
(1)—(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) Where a loss is sustained by a person in the occupation of woodlands, and that person, if he had made a profit, would by reason of his election under Paragraph 4 of Schedule 6 to the Finance Act 1988 have been chargeable for the following year to income tax under Schedule D computed on the amount of that profit, this section shall apply so as to give relief in respect of that loss in the same manner, and to the same extent, as if it were a loss sustained in a trade. (6)-(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
171 Carry-forward against subsequent profits.
(1)—(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) Where a loss is sustained by a person in the occupation of woodlands, and that person, if he had made a profit, would by reason of his election under Paragraph 4 of Schedule 6 to the Finance Act 1988 have been chargeable for the following year to income tax under Schedule D computed on the amount of that profit, this section shall apply so as to give relief in respect of that loss in the same manner, and to the same extent, as if it were a loss sustained in a trade. (6)-(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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