PART 1Income Tax, Corporation Tax and Capital Gains Tax
CHAPTER 5Other provisions
Disincorporation
60Making a claim
1
A claim for disincorporation relief under section 58—
a
is to be made jointly by the company and all of the shareholders to whom the business is transferred, and
b
is irrevocable.
2
Any claim for disincorporation relief must be made within the period of 2 years beginning with the business transfer date.