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CTA10/S727

S727 extends the time limit for HMRC to raise assessments in situations where any of the loss buying rules at CTA10/PART14/CH2-6 apply.

As of 1 April 2017, there has been a change in this provision relating to the circumstances or events from which the time limit is calculated.

»Ê¹ÚÌåÓýapp time limit is calculated with reference to the date of any circumstances or events that;

• are required for any of the provisions and Chapters 2 to 6 to operate,
• occur after a change in company ownership, and
• as of 1 April 2017, occur within five years of the change in ownership. For prior periods, however, the circumstances or events must occur within three years of the change in ownership.

»Ê¹ÚÌåÓýapp extended time limit is six years from the date of the latest of these circumstances or events.