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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
, see all updates

Assets held on 6/4/65: time limit

TCGA92/SCH2/PARA17 (3)

Notice of election must be given to the Inspector IN WRITING

  • for disposals in 1996-97 or later years by individuals and other persons charged to Capital Gains Tax, within one year from 31 January in the year following that in which the disposal took place, or
  • in all other cases, within two years from the end of the year of assessment or accounting period in which the disposal took place and
  • in ALL cases, within such further time as the Board may allow.