A part payment which has been disallowed under ITA 2007, s. 681AE (see ¶304-760) can be carried forward in certain circumstances.

This applies if there is one or more subsequent payments, made by the transferor or a person associated with the transferor, under:

(a)the lease (in a s. 681AA(2) situation); or

(b)the rentcharge or other transaction mentioned in s. 681AB(2)(b) (in a s. 681AB(2) situation).

The part of the payment which has been disallowed under ITA 2007, s. 681AE may be carried forward and treated for the purposes of a relevant deduction from earnings as if it were made:

(i)when the next of the later payments is made; and

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