Part V Transfer of business assetsF1, F2business asset disposal relief and investors' relief

Annotations:
Amendments (Textual)
F1

Words in Pt. 5 heading inserted (15.9.2016) by Finance Act 2016 (c. 24), Sch. 14 para. 1(1)

F2

Words in Act substituted (with effect for the tax year 2020-21 and subsequent tax years) by Finance Act 2020 (c. 14), Sch. 3 paras. 7(2)(a), 8 (with Sch. 3 para. 7(3))

F3Chapter 5Investors' relief

Annotations:
Amendments (Textual)
F3

Pt. 5 Ch. 5 inserted (15.9.2016) by Finance Act 2016 (c. 24), Sch. 14 para. 2

Claims for relief

169VMClaims for relief

1

Any claim for investors' relief must be made—

a

in the case of a disposal by an individual, by that individual;

b

in the case of a disposal by the trustees of a settlement, jointly by—

i

the trustees, and

ii

the eligible beneficiary in respect of the disposal, within the meaning given by section 169VH(2) (or, if more than one, all those eligible beneficiaries).

2

Any claim for investors' relief in respect of a disposal must be made on or before the first anniversary of the 31 January following the tax year in which the disposal is made.