Related Commentary  

55D(1)  An election under section 55C is to be made not more than 4 years after the end of the tax year to which it relates.

55D(2)  If the conditions in paragraphs (a) to (d) of section 55C(1) continue to be met, an election continues in force in each subsequent tax year unless–

(a)subsection (3) applies,

(b)the election is withdrawn, or

(c)it ceases to have effect under subsection (5).

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