Part 3Personal reliefs
Chapter 3Tax reductions for married couples and civil partnersF3: persons born before 6 April 1935
Transfer of unused relief
53Transfer of unused relief: general
1
For the purposes of sections 51 and 52, the comparable tax liability of an individual is the amount of the individual's tax left after Step 6 of the calculation in section 23 for the tax year, making that calculation with the modifications set out in subsections (2) and (3).
2
In making that calculation, do not deduct any tax reduction under—
a
F4sections 2 and 6 of TIOPA 2010 (double taxation arrangements: relief by agreement), or
b
F5section 18(1)(b) and (2) of TIOPA 2010 (relief for foreign tax where there are no double taxation arrangements).
3
If the individual's entitlement to a tax reduction under this Chapter is extinguished under section 423(4) (gift aid: restriction of reliefs) to any extent, deduct from the amount calculated in accordance with subsections (1) and (2) the amount by which the tax reduction is reduced.
4
A notice under section 51 or 52—
a
must be given F1not more than 4 years after the end of the tax year to which it relates,
b
must be in the form specified by the Commissioners for Her Majesty's Revenue and Customs, and
c
cannot be withdrawn.
5
For the purposes of this section a person is treated as being entitled to a tax reduction under F2sections 2 and 6 of TIOPA 2010 if the person is entitled to credit against income tax under double taxation arrangements.
Words in Pt. 3 Ch. 3 heading inserted (with effect in accordance with s. 11(12) of the amending Act) by Finance Act 2014 (c. 26), s. 11(6)