I'm reviewing the possibility of offsetting a trading loss against a capital gain arising in the same year. HMRC's helpsheet HS227 refers to some restrictions as follows :-
The amount of loss relief you claim against income or capital gains may be restricted or limited for example if you:
worked for less than 10 hours a week on average on commercial activities of the trade
are a Limited Partner or a member of a Limited Liability Partnership
have a trade which is carried on wholly overseas
have claimed certain capital allowances
have income from oil extraction activities or oil rights
Can anyone shed any light on the "certain capital allowances" restriction as I don't seem to be able to find any further guidance in respect of this.