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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Leases: Assessments for periods ended more than 6 years previously

There is no replacement time limit for raising an assessment under TCGA92/SCH8/PARA3 (4), but you should only raise an assessment (if fraud or negligence is not involved) within six years of the end of the year of assessment or accounting period in which

  • the sum received for the commutation of rent become payable, or
  • the variation of the terms of the lease was made.