# Finance Act 1987, Paragraph 5


(1) In relation to an election, the assessment to tax or determination referred to in subsection (4)(a) of the principal section is that which is first made after the relevant date on or in relation to the participator by whom the election is made.
(2) Subject to paragraphs 6 and 7 below, the relevant date for the purposes of sub-paragraph (1) above is the date of the election.

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Source: https://www.legislation.gov.uk/ukpga/1987/16/schedule/14/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-1987/schedule-14/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.