Related Commentary  Related HMRC Manuals

279D(1)  An election under section 279A is irrevocable.

279D(2)  Any election under that section must be made by giving a notice in accordance with this section.

279D(3)  The notice must be given to an officer of the Board.

279D(4)  Subsections (5) to (8) below have effect in relation to the notice given by the taxpayer in respect of the relevant loss.

279D(5)  The notice must specify each of the following–

(a)the amount of the relevant loss;

(b)the right disposed of;

(c)the year of the right’s disposal;

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