If the CG arises in a tax year preceding the tax year in which
the shares are issued, you cannot give deferral relief immediately.
For years before SA, you can accept the appropriate postponement
application but you must point out the normal interest provisions
will apply if it turns out no relief is due.
Under SA, there is no provision for a postponement
application in any circumstances. A claim can only be submitted
after the shares have been issued. For claims and elections under
SA see EM6700 onwards.
