Case Law

This page shows a summary of relevant case law. To view the section of legislation to which the case law applies, click the link below:

Case Law

Trading losses forward are not available for offset against personal investment income. Rigby v Samson (HM Inspector of Taxes) 1997 STC 524

Section 381 loss must be set off in priority to annual payment. Navan Carpets Ltd v O’Culachain III ITR 403

If the tax loss of one period of account is used to produce losses in the basis period for more than one year of assessment, the relief claimed for such losses by carry forward under section 382 TCA 1997 cannot exceed the actual tax loss sustained in the period of account. IRC v Scott Adamson 17 TC 679