43(1)An individual may make an election for paragraph 41 not to apply to a disposal made by the individual.U.K.
(2)Sections 42 and 43 of TMA 1970 (procedure and time limit for claims), except section 42(1A) of that Act, apply in relation to an election under this paragraph as they apply in relation to a claim for relief.
(3)An election under this paragraph is irrevocable.
(4)All such adjustments are to be made, whether by way of discharge or repayment of tax, the making of assessments or otherwise, as are required to give effect to an election under this paragraph.