Part 5Loan Relationships

F1Chapter 16ANon-trading deficits: post 1 April 2017 deficits

463CTime limits for claims under section 463B(1)

(1)

A claim under section 463B(1) must be made within—

(a)

the period of 2 years after the deficit period ends, or

(b)

such further period as an officer of Revenue and Customs allows.

(2)

Different claims may be made in respect of different parts of a non-trading deficit for any deficit period.

(3)

But no claim may be made in respect of any part of a deficit to which another such claim relates.