CG78402 - Currency: time limit

TCGA92/S279 (5) as amended by FA96 & TCGA92/S279 (6)

For years before Self Assessment, claims under TCGA92/S279 must be made not later than 6 years after the end of the year of assessment, or accounting period, in which the gain arises.

Under Self Assessment, see CG10301, the time limit is the same for companies within the charge to Corporation Tax, but individuals and others must claim not later than 5 years from the 31 January next following the end of the year of assessment in which the gain arises.

The personal representatives of a deceased person may make any claim that the deceased might have made under this Section if he or she had not died.