[55D Procedure for elections under section 55C]
Income Tax Act 2007 (2007 c 3) | Legislation

[55D  Procedure for elections under section 55C]

[(1)     An election under section 55C is to be made not more than 4 years after the end of the tax year to which it relates.

(2)     If the conditions in paragraphs (a) to (d) of section 55C(1) continue to be met, an election continues in force in each subsequent tax year unless—

(a)     subsection (3) applies,

(b)     the election is withdrawn, or

(c)     it ceases to have effect under subsection (5).

(3)     Where an election is made after the end of the tax year to which it relates [or is made after the death of either of the spouses or civil partners], the election has effect for the tax year to which it relates only (and accordingly does not continue in force for subsequent tax years under subsection (2)).

(4)

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