Section 169M — Taxation of Chargeable Gains Act 1992: Relief to be claimed

Relief to be claimed 169M 1 Business asset disposal relief is to be given only on the making of a claim.

2 A claim for business asset disposal relief in respect of a qualifying business disposal must be made—

a in the case of a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and b otherwise, by the individual.

3 A claim for business asset disposal relief in respect of a qualifying business disposal must be made on or before the first anniversary of the 31 January following the tax year in which the qualifying business disposal is made.

4 A claim for business asset disposal relief in respect of a qualifying business disposal may only be made if the amount resulting under section 169N(1) is a positive amount.