# Finance Act 2000, Paragraph 62


(1) The Inland Revenue may not—
(a) make an assessment for withdrawing or reducing the investment relief attributable to any of the relevant shares, or
(b) give a notice under paragraph 60(3)(a)(ii) or (b),
more than six years after the end of the relevant accounting period.
(2) In sub-paragraph (1) “the relevant accounting period” means—
(a) the accounting period in which the time mentioned in paragraph 36(1) (time limit for employing money raised) falls, or
(b) the accounting period in which the event which causes the investment relief to be withdrawn or reduced occurs,
whichever is later.
(3) This paragraph is subject to sub-paragraphs (2) and (3) of paragraph 46 of Schedule 18 to the Finance Act 1998 (fraud or negligence).
Those sub-paragraphs shall apply in relation to any notice under paragraph 60(3)(a)(ii) or (b) as if it were an assessment relating to the accounting period to which any assessment made by virtue of the notice would relate.

---
Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/62 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-15/paragraph-62
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.