Section 169M | Relief to be claimed ^F1

(1)Business asset disposal relief is to be given only on the making of a claim.^F2

(2)A claim for business asset disposal relief in respect of a qualifying business disposal must be made—^F2

(a)in the case of a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and

(b)otherwise, by the individual.

(3)A claim for business asset disposal relief in respect of a qualifying business disposal must be made on or before the first anniversary of the 31 January following the tax year in which the qualifying business disposal is made.^F2

(4)A claim for business asset disposal relief in respect of a qualifying business disposal may only be made if the amount resulting under section 169N(1) is a positive amount.^F2