There are a number of situations in which relief may be claimed for any charges under the accrued income scheme, as detailed below.
Unremittable transfer proceeds
It is possible to make a claim for relief where transfer proceeds are unremittable. When such a claim is made, the amount of the AIP is reduced by the amount of the unremittable transfer, which usually means that it is reduced to nil1.
A claim may be made by personal representatives of a deceased person if the deceased could have made it if death had not intervened2.
A claim may be made where the settlement day falls outside the income period3.
Withdrawal of relief
Where a claim has been made in respect of unremittable transfer proceeds and the proceeds subsequently become remittable, the claimant is treated as making an AIP of an amount equal to the relief given in the tax year in which
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Web page updated on 17 Mar 2025 16:55