HC Deb 13 July 1988 vol 137 cc507-8

8.—(1) No relief shall be given under this Schedule unless a claim is made—

  1. (a) in the case of a gain treated as accruing by virtue of section 278(3) of the Taxes Act 1970 to a company which ceases to be a member of a group, within the period of two years beginning at the end of the accounting period which ends when the company ceases to be a member of the group,
  2. (b) in any other case, within the period of two years beginning at the end of the year of assessment or 508 accounting period in which the disposal in question is made, or the gain in question is treated as accruing, or within such longer period as the Board may by notice in writing allow.

(2) A claim under sub-paragraph (1) above shall be supported by such particulars as the inspector may require for the purpose of establishing entitlement to relief under this Schedule and the amount of relief due.'—[Mr. Norman Lamont.]

Brought up, read the First and Second time, and added to the Bill.

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