Remedy
Start free

Section 169SG: Elections under sections 169SC and 169SD

Taxation of Chargeable Gains Act 1992 · 1992 c. 12View on legislation.gov.uk

Part V: Transfer of business assets, business asset disposal relief and investors' relief — Chapter 3A: business asset disposal relief where company ceases to be individual's personal company

An election under section 169SC or 169SD is irrevocable.

An election under section 169SC must be made on or before the first anniversary of the 31 January following the tax year in which the notional disposal is made ("the relevant tax year").

An election under section 169SD may not be made more than 4 years after the end of the relevant tax year.

If—

an individual makes an election under both sections 169SC and 169SD, and
a tax return under the Management Act would not otherwise be required for the relevant tax year,

the individual may make the elections by giving notice on or before the first anniversary of the 31 January following the relevant tax year.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.