The Business Investment Relief Regulations, SI 2012/1898, set out the circumstances in which an HMRC officer may extend the ‘grace period’ within which mitigation steps must be taken to prevent foreign income and gains becoming taxable where an investment has been disposed of or has otherwise ceased to qualify for the relief introduced by FA 2012 Sch 12.
The Business Investment Relief Regulations, SI 2012/1898, set out the circumstances in which an HMRC officer may extend the ‘grace period’ within which mitigation steps must be taken to prevent foreign income and gains becoming taxable where an investment has been disposed of or has otherwise ceased to qualify for the relief introduced by FA 2012 Sch 12.
