How does an investing company claim deferral relief?
The company may make its claim either in its company tax return for the relevant accounting period, or by way of an amendment to that return, if that is possible. Otherwise it may make a claim under the rules provided by Schedule 1A TMA 1970, as provided for by Part VII of Schedule 18 of the 1998 Finance Act. Any amount subscribed for the further shares, which has not already been set against a chargeable gain, can be set against that amount of the original gain. The total claimed cannot exceed the amount of the original gain.
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