[F1169MRelief to be claimedU.K.
(1)Entrepreneurs' relief is to be given only on the making of a claim.
(2)A claim for entrepreneurs' relief in respect of a qualifying business disposal must be made—
(a)in the case of a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and
(b)otherwise, by the individual.
(3)A claim for entrepreneurs' relief in respect of a qualifying business disposal must be made on or before the first anniversary of the 31 January following the tax year in which the qualifying business disposal is made.
(4)A claim for entrepreneurs' relief in respect of a qualifying business disposal may only be made if the amount resulting under section 169N(1) is a positive amount.]
Textual Amendments
F1Pt. 5 Ch. 3 inserted (with effect in accordance with Sch. 3 para. 5 of the amending Act) by Finance Act 2008 (c. 9), Sch. 3 para. 2 (with Sch. 3 paras. 6-8)