41U.K.In section 279 of the Taxation of Chargeable Gains Act 1992 (foreign assets: delayed remittances) for subsection (5) (no claim under section 279 to be made more than 6 years after end of year of assessment in which chargeable gain accrues) there shall be substituted—
“(5)No claim under this section in respect of a chargeable gain shall be made—
(a)in the case of a claim for the purposes of capital gains tax, at any time after the fifth anniversary of the 31st January next following the year of assessment in which the gain accrues; or
(b)in the case of a claim for the purposes of corporation tax, more than 6 years after the end of the accounting period in which the gain accrues.”