SCHEDULES
SCHEDULE 2Returns for disposals of UK land etc
PART 1Returns and payments on account: disposals of UK land etc
9Repayments of amounts previously paid on account of capital gains tax
1
If—
a
a person makes a disposal on which an allowable loss accrues, and
b
had a gain accrued instead, the disposal would have been one to which this Schedule applies as a result of paragraph 1(1)(b),
the person may make and deliver a return under this Schedule in respect of the disposal for the purpose of securing the application of paragraph 8.
2
Accordingly, the disposal is treated for that purpose as if it were a disposal to which this Schedule applies.