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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Deferred consideration: unascertainable: election for treatment of loss - necessary adjustments


You should make all such adjustments as are required to give effect to the election under TCGA92/S279A made by the taxpayer for the relevant loss to be treated as accruing in an earlier year in accordance with this section, whether by discharge or repayment of tax, the making of assessments or otherwise.