(In-Depth: ¶191-835)

In the absence of any provision to the contrary (some of which are considered below), the normal rule is that a claim must be made within four years of the end of the accounting period to which it relates (six years prior to 1 April 2010) (FA 1998, Sch. 18, para. 55).

In certain cases, HMRC may permit an extension of the strict time limit in relation to certain elections and claims.


Time limit


Stock transferred to a connected party on cessation of trade to be valued at higher cost or sale price

2 years from end of accounting period in which trade ceased

CTA 2009, s. 167(4)

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