16 Computation of losses
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

16  Computation of losses

(1)     Subject to [sections 261B, 261D and 263ZA] and except as otherwise expressly provided, the amount of a loss accruing on a disposal of an asset shall be computed in the same way as the amount of a gain accruing on a disposal is computed.

(2)     Except as otherwise expressly provided, all the provisions of this Act which distinguish gains which are chargeable gains from those which are not,

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