Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Income Tax Act 2007

Crossheading Exempt property relief

  • Section 809X Exempt property
  • Section 809Y Property that ceases to be exempt property treated as remitted
  • Section 809YA Exception to section 809Y: proceeds taken offshore or invested
  • Section 809YB Condition E: supplementary
  • Section 809YC Effect of disapplying section 809Y
  • Section 809YD Chargeable gains accruing on sales of exempt property
  • Section 809YE Exception to section 809Y: gifts to the nation
  • Section 809YF Exception to section 809Y: compensation taken offshore or invested
  • Section 809Z Public access rule: general
  • Section 809Z1 Public access rule: relevant VAT relief
  • Section 809Z2 Personal use rule
  • Section 809Z3 Repair rule
  • Section 809Z4 Temporary importation rule
  • Section 809Z5 Notional remitted amount
  • Section 809Z6 Exempt property: other interpretation
  1. Exempt property relief
  2. Condition E: supplementary

Section 809YB | Condition E: supplementary

From legislation.gov.uk

(1)An officer of Revenue and Customs may agree in a particular case to extend any period within which disposal proceeds (or instalments) must be taken offshore or used by a relevant person to make a qualifying investment in order to satisfy Condition E.

(2)The power to agree to an extension is exercisable only in exceptional circumstances and only if the remittance basis user requests such an extension.

PreviousNext
PrivacyTerms