50 Procedure for making and withdrawing elections under sections 47 to 49
Income Tax Act 2007 (2007 c 3) | Legislation

50  Procedure for making and withdrawing elections under sections 47 to 49

(1)     This section applies to elections under sections 47 to 49.

(2)     An election—

(a)     must, except in the cases dealt with by subsection (3), be made before the first tax year in which it is to be in force, and

(b)     continues in force in each subsequent tax year until

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