5(1)Relief in accordance with this Schedule shall not be given in respect of any disposal unless the qualifying period relating to that disposal ends on or after 6th April 1985.
(2)Except in the case of a disposal which is made by an individual who has attained [F1the age of 55], relief in accordance with this Schedule shall be given only on the making of a claim not later than two years after the end of the year of assessment in which the disposal occurred.
(3)In the case of a trustees’ disposal, relief in accordance with this Schedule shall be given only on a claim made jointly by the trustees and the beneficiary concerned.
(4)Where a claim for relief in accordance with this Schedule is dependent upon an individual having retired on ill-health grounds below [F1the age of 55], the claim shall be made to the Board.
Textual Amendments
F1Words in Sch. 20 para. 5(2)(4) substituted (25.7.1991) by Finance Act 1991 (c. 31, SIF 63:2), s. 100(2)(c)(4) with application to disposals on or after 19.3.1991