Finance Act 2010

Amendment of section 384 (relief under Case V for losses) of Principal Act.

15.— Section 384 of the Principal Act is amended—

(a) in subsection (3) by substituting “Subject to subsection (4), any” for “Any”, and

(b) by inserting the following after subsection (3):

“(4) Any allowance to be made in charging income under Case V of Schedule D in accordance with section 305(1)(a) shall be made in priority to any relief to be given under this section.”.