Land: compulsory purchase of land: time limit for claim
Where the disposal takes place in a period covered by Self Assessment new time limits have been enacted by FA96/SCH21/PARA38 within which any claim under TCGA92/S243 must be made.
The new time limit is
- for Capital Gains Tax cases, one year after the 31 January in the year following that in which the disposal took place (in other words, 21 months from the end of the tax year in which the disposal took place)
- for Corporation Tax cases, 2 years from the end of the accounting period in which the disposal took place.