395 Relief affected by subsequent changes of law, etc

Where the amount of the capital allowances to be taken into account for the purposes of creating or increasing a loss by virtue of section 392(1) is affected by an alteration of the law or the discontinuance of the trade or other event, any necessary adjustments may be made to ensure that the correct tax is paid, including the recovery of any tax repaid by means of an assessment under Case IV of Schedule D.

Relevant Date: Finance Act 2021