Income Tax Act 2007

538Requirement to make claimU.K.

This section has no associated Explanatory Notes

(1)The exemptions under this Part require a claim.

(2)Subsection (1) does not apply to an exemption under—

(a)section 534 (exemption for transactions in deposits), or

(b)section 535 (exemption for offshore income gains).

F1(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1S. 538(3) omitted (retrospective to 6.4.2012) by virtue of Finance Act 2012 (c. 14), s. 50(2)(b)(4)