TCGA92/S284A (6), TCGA92/S284A (7) & TCGA92/S284A (8)

A taxpayer repudiates previous concessional relief if

a subsequent chargeable gain is smaller (or an allowable loss is greater) when the knock-on effect of the concession is ignored, than when it is taken into account, and

the taxpayer is not required to take account of the previous concession, see below.

A taxpayer must take account of the effect of a previous concession if they have givenan indication (in writing) that they accept it.

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