[809VJ The grace period allowed for the appropriate mitigation steps]
Income Tax Act 2007 (2007 c 3) | Legislation

[809VJ  The grace period allowed for the appropriate mitigation steps]

[(1)     The grace period allowed for the step mentioned in section 809VI(2)(a) is the period of 90 days beginning—

(a)     if the potentially chargeable event is a breach of the extraction of value rule, with the day on which the value is received, and

(b)     otherwise, with the day on which a relevant person first became aware or ought reasonably to have become aware of the potentially chargeable event.

(2)     The grace period allowed

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