From 2014, relief for losses on employment, post cessation expenses and certain other reliefs are limited by the limit on Income Tax reliefs. See HMRC helpsheet 204 Limit on Income Tax reliefs.
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Description – enter a brief description of the expense or loss.
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Relieved against income – enter the amount of expense to be relieved against income. (The computation will determine if this loss needs to be limited).
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Relieved against gains – if, exceptionally, the loss is to be relieved against gains for the year, enter the amount of relief.
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