# Finance Act 1996, Paragraph 48


In section 48 of the Gains Act (consideration due after time of disposal and irrecoverable consideration) for the words following “if any part of the consideration so brought into account” there shall be substituted “ subsequently proves to be irrecoverable, there shall be made, on a claim being made to that effect, such adjustment, whether by way of discharge or repayment of tax or otherwise, as is required in consequence. ”

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Source: https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/48 (the official version)
Page: https://openlegislation.uk/finance-act-1996/schedule-20/paragraph-48
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.