Commentary

B5.172 Claims for relief

Business tax
Business tax | Commentary

B5.172 Claims for relief

Business tax | Commentary

B5.172 Claims for relief

Averaging is an optional relief, and needs to be claimed within 22 months from the end of the last year of assessment included in any averaging computation1. In practice this should give adequate time to ascertain whether a claim is worthwhile. However, claims need not necessarily be made for all years, because the actual figures for any year are always taken into account in any averaging claim for the following year. For example for the two-year averaging, in effect, every year's results may fall to be included in two claims, one in which those results form the first of the two years, and one in which they form the second2. A claim may not be made in

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