162A(1)Section 162 shall not apply where the transferor makes an election under this section.
162A(2) An election under this section must be made by a notice given to an officer of the Board no later than the relevant date.
162A(3) Except where subsection (4) below applies, the relevant date is the second anniversary of the 31st January next following the year of assessment in which the transfer of the business took place.
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