[279C Effect of election under section 279A]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[279C  Effect of election under section 279A]

[(1)     This section applies where an election is made under section 279A by the taxpayer for the relevant loss to be treated as accruing in an earlier year in accordance with this section.

(2)     Where this section applies, the relevant loss shall be treated for the purposes of capital gains tax as if it were a loss accruing to the taxpayer in the earliest year which is an eligible year (the “first eligible year”), instead of in the year of the loss (but subject to, and in accordance with, the following provisions of this section).

[(3)     The amount of the relevant loss that falls

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