38U.K.In section 243 of the Taxation of Chargeable Gains Act 1992 (part disposal to authority with compulsory powers) after subsection (2) there shall be inserted—
“(2A)A claim under subsection (2) above shall be made—
(a)for the purposes of capital gains tax, on or before the first anniversary of the 31st January next following the year of assessment in which the transfer is made;
(b)for the purposes of corporation tax, within 2 years after the end of the accounting period in which the transfer is made.”