# Taxation of Chargeable Gains Act 1992, Section 169M: Relief to be claimed

Extent: E+W+S+N.I.

(1) Business asset disposal relief is to be given only on the making of a claim.
(2) A claim for business asset disposal relief in respect of a qualifying business disposal must be made—
(a) in the case of a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and
(b) otherwise, by the individual.
(3) A claim for business asset disposal relief in respect of a qualifying business disposal must be made on or before the first anniversary of the 31 January following the tax year in which the qualifying business disposal is made.
(4) A claim for business asset disposal relief in respect of a qualifying business disposal may only be made if the amount resulting under section 169N(1) is a positive amount.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/section/169M (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-169M
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.