Section 681DF — Income Tax Act 2007: Adjustments where sum obtained before payment made

Adjustments where sum obtained before payment made 681DF 1 This section applies if a capital sum is obtained as mentioned in section 681DC and later a payment is made as mentioned in section 681DB.

2 Adjustments must be made if they are needed to give effect to a charge to income tax under section 681DD in respect of the capital sum.

3 An adjustment may be made within the period ending with the fifth anniversary of the 31 January following the tax year in which the payment is made.

4 Subsection (3) applies despite any time limit specified in the Income Tax Acts.