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HMRC internal manual

Life Assurance Manual

LAM07300 - Trade profits: Trading losses: non-BLAGAB

The normal CTA10 loss rules apply to non-BLAGAB trading losses which are calculated in the same way as trade profits. This differs from BLAGAB trade losses, which are subject to the special rules described LAM07100 - LAM07220 and underlines the need for a separate calculation of BLAGAB and non-BLAGAB losses.