[507A Recalculating gains under section 507]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[507A  Recalculating gains under section 507]

[(1)     An interested person may apply to an officer of Revenue and Customs for a review of a calculation under section 507 on the ground that the gain arising from it is wholly disproportionate.

(2)     For the purposes of this section an interested person in relation to a calculation under section 507 is a person who would be liable for all or any part of the amount of tax that would be chargeable under this Chapter if the gain were not recalculated.

(3)     Applications under subsection (1) must be—

(a)     made in writing, and

(b)     received by an officer of Revenue and Customs

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