[F1681DFAdjustments where sum obtained before payment madeU.K.
This section has no associated Explanatory Notes
(1)This section applies if a capital sum is obtained as mentioned in section 681DC and later a payment is made as mentioned in section 681DB.
(2)Adjustments must be made if they are needed to give effect to a charge to income tax under section 681DD in respect of the capital sum.
(3)An adjustment may be made within the period ending with the fifth anniversary of the 31 January following the tax year in which the payment is made.
(4)Subsection (3) applies despite any time limit specified in the Income Tax Acts.]
Textual Amendments
F1Pt. 12A Ch. 4 inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 4 para. 5 (with Sch. 9 paras. 1-9, 22)