# Finance Act 1996, Paragraph 41


In section 279 of the Taxation of Chargeable Gains Act 1992 (foreign assets: delayed remittances) for subsection (5) (no claim under section 279 to be made more than 6 years after end of year of assessment in which chargeable gain accrues) there shall be substituted—
“(5) No claim under this section in respect of a chargeable gain shall be made—
(a) in the case of a claim for the purposes of capital gains tax, at any time after the fifth anniversary of the 31st January next following the year of assessment in which the gain accrues; or
(b) in the case of a claim for the purposes of corporation tax, more than 6 years after the end of the accounting period in which the gain accrues.”

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Source: https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/41 (the official version)
Page: https://openlegislation.uk/finance-act-1996/schedule-21/paragraph-41
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.