Part 2 Notification of Chargeable Amounts, Amendments of Returns, Enquiries etc
Finance Act 2019 (2019 c 1) | Legislation

Part 2 Notification of Chargeable Amounts, Amendments of Returns, Enquiries etc

Requirement to notify HMRC of amounts chargeable to tax

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(1)     A person is not required to give a notice under section 7 of TMA 1970 merely by reference to a chargeable gain accruing on a disposal if—

(a)     the person delivers a return under this Schedule in respect of the disposal, and

(b)     the return is delivered before the end of the notification period within the meaning of that section.

(2)     But sub-paragraph (1) does not apply if the amount of capital gains tax notionally chargeable on the person as at the filing date for the return (as determined in accordance with paragraph 7) is less than the amount of capital gains tax for which the person is liable for the tax year concerned.

Amendments of returns

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(1)     The amendment provisions applicable to ordinary tax returns apply in relation to returns made by a person under this Schedule as they apply in relation to ordinary tax returns, but subject to the following limitations or other modifications.

(2)     An amendment is permitted only so far as the return under this Schedule could, when originally delivered,

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