HC Deb 12 May 1932 vol 265 c2092W
Mr. HALL-CAINE

asked the Chancellor of the Exchequer whether, in respect of the setting off of trading losses under the Finance Act, 1926, he proposes that the new provision relating to such losses in the recent financial statement will be retrospective, and to permit the current year's assessments to be adjusted in respect of the years 1926–27 onwards?

Mr. CHAMBERLAIN

I would refer my hon. Friend to Clause 17 of the Finance Bill. In cases to which it applies, the Clause will enable relief to be given in respect of losses sustained from 1926 onwards.