[SCHEDULE 1B Claims for Relief Involving Two or More Years]
Taxes Management Act 1970 (1970 c 9) | Legislation

[SCHEDULE 1B Claims for Relief Involving Two or More Years]

Section 42(11A)

[Preliminary

1

(1)     In this Schedule—

(a)     any reference to a claim includes a reference to an election or notice; and

(b)     any reference to the amount in which a person is chargeable to tax is a reference to the amount in which he is so chargeable after taking into account any relief or allowance for which a claim is made.

[(2)     For the purposes of this Schedule, two or more claims made by the same person are associated with each other if each of them [is a claim to which this Schedule applies and the same] year of assessment is the earlier year in relation to each of those claims.

(3)     In sub-paragraph (2) above, any reference to claims [includes a reference to amendments and revocations to which paragraph 4 below applies].]

Loss relief

2

(1)     This paragraph applies where a person makes a claim requiring relief for a loss incurred or treated as incurred, or a payment made, in one year of assessment (“the later yearâ€) to be given in an earlier year of assessment (“the earlier yearâ€).

(2)     Section

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