SCHEDULES

SCHEDULE 2Returns for disposals of UK land etc

PART 1Returns and payments on account: disposals of UK land etc

17Interpretation

1

In this Part of this Schedule—

  • “the filing date”, in relation to a return in respect of a disposal, means the date on or before which the return in respect of the disposal must be delivered to an officer of Revenue and Customs,

  • “lease” has the meaning given by paragraph 10 of Schedule 8 to TCGA 1992,

  • “ordinary tax return” means a return under section 8 or 8A of TMA 1970,

  • “pension scheme investments” means investments held for the purposes of a registered pension scheme or an overseas pension scheme (and expressions used in this definition have the same meaning as they have in section 271(1A) of TCGA 1992),

  • “premium” has the meaning given by paragraph 10 of Schedule 8 to TCGA 1992,

  • “residential property gain” has the meaning given by Schedule 1B to TCGA 1992, and

  • “the tax year concerned”, in relation to a disposal, means the tax year in which the disposal is made.

2

In this Part of this Schedule the “completion” of a disposal is regarded as occurring—

a

at the time of the disposal, or

b

if the disposal is under a contract which is completed by a conveyance, transfer or other instrument later than the time of the disposal, at the time when the instrument takes effect.

3

This Part of this Schedule has effect as if it were included in TCGA 1992.