426 Election by donor: gift treated as made in previous tax year
Income Tax Act 2007 (2007 c 3) | Legislation

Election to carry back relief

426  Election by donor: gift treated as made in previous tax year

(1)     If—

(a)     an individual makes a gift to a charity that is a qualifying donation, and

(b)     the condition in subsection (2) is met,

the individual may elect to be treated as if the gift had been made in the previous tax year (“year P”).

(2)     The condition is that the individual's charged amount for year P (see section 427) is at least

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