No versions valid at: 01/06/2002
Point in time view as at 01/06/2002. This version of this provision is not valid for this point in time.
There are currently no known outstanding effects for the Finance Act 2002, Paragraph 27.
Valid from 23/01/2003
27(1)This paragraph applies where any relief has been obtained which—
(a)is subsequently found not to have been due, or
(b)falls to be withdrawn or reduced under this Part.
(2)Where the investor is an individual, the relief shall be withdrawn or reduced by making an assessment to income tax under Case VI of Schedule D for the tax year for which the relief was obtained.
(3)No assessment shall be made under sub-paragraph (2) in respect of an individual by reason of any event occurring after his death.
(4)Where the investor is a company, the relief shall be withdrawn or reduced by making an assessment to corporation tax under Case VI of Schedule D for the accounting period for which the relief was obtained.
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