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RG 6: Using loss balances
or “Using losses from past years is no longer allowed”
You could also call this:

“Outdated rule about reducing tax payments no longer applies”

This part of the law used to be about reducing payments for something called conduit tax relief. However, it’s no longer active. The government removed this section on 30 June 2009. This means you don’t need to worry about it anymore when dealing with your taxes or payments.

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Next up: RH 1: RSCT rules and their application

or “How retirement savings contribution tax (RSCT) rules work and when they apply”
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Part R General collection rules
Payments for foreign dividends (FDP)

RG 7Reduction of payments for conduit tax relief (Repealed)

    Notes
    • Section RG 7: repealed (with effect on 30 June 2009), on , by section 540(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).