SCHEDULES

SCHEDULE 20 Self-assessment: discretions exercisable by the Board etc.

The Taxation of Chargeable Gains Act 1992

48

In section 48 of the Gains Act (consideration due after time of disposal and irrecoverable consideration) for the words following “if any part of the consideration so brought into account” there shall be substituted “ subsequently proves to be irrecoverable, there shall be made, on a claim being made to that effect, such adjustment, whether by way of discharge or repayment of tax or otherwise, as is required in consequence. ”