SCHEDULES
SCHEDULE 2Returns for disposals of UK land etc
PART 3Consequential amendments
Amendments of TMA 1970
25
1
TMA 1970 is amended as follows.
2
Omit section 7A (disregard of certain NRCGT gains for purposes of section 7).
3
Omit sections 12ZA to 12ZN (NRCGT returns) and the italic heading before those sections.
4
In section 28A (completion of enquiry into personal or trustee return)—
a
in subsection (1), omit “or 12ZM”, and
b
in the heading, omit “or NRCGT return”.
5
Omit section 28G (determination of amount notionally chargeable where no NRCGT return delivered).
6
In section 29 (assessment where loss of tax discovered), omit subsection (7)(a)(ia).
7
Omit section 29A (non-resident CGT disposals: determination of amount which should have been assessed).
8
In section 34 (ordinary time limit of 4 years), omit subsection (1A).
9
In section 42 (procedure for making claims etc), in subsection (11)(a)—
a
omit “12ZB”, and
b
after “12AA of this Act” insert “
or a return under Schedule 2 to the Finance Act 2019
”
.
10
After section 59A insert—
59AZAPayments on account of capital gains tax: disposals of land etc
For provision requiring payments to be made on account of capital gains tax, see Schedule 2 to the Finance Act 2019.
11
Omit section 59AA (non-resident CGT disposals: payments on account of capital gains tax).
12
In section 59B (payment of income tax and capital gains tax: assessments other than simple assessments)—
a
in subsection (1)(b), for “or 59AA of this Act” substitute “
of this Act or under Schedule 2 to the Finance Act 2019
”
, and
b
omit subsection (2A).
13
In section 59BA (payment of income tax and capital gains tax: simple assessments), in subsection (2)(b), for “or 59AA” substitute “
of this Act or under Schedule 2 to the Finance Act 2019
”
.
14
In section 107A (relevant trustees), in subsection (2)(b)—
a
omit “, 59AA”, and
b
after “59B of this Act” insert “
or under Schedule 2 to the Finance Act 2019
”
.
15
In section 118 (interpretation), omit the definition of “NRCGT return”.
16
In Schedule 3ZA (date by which payment to be made after amendment or correction of self-assessment)—
a
in paragraph 1(1), omit “or an advance self-assessment (see section 12ZE(1))”,
b
in paragraph 1(2), omit “59AA(2) or”,
c
in paragraph 2(1), omit “or an amendment of an advance self-assessment under section 12K (amendment of NRCGT return by taxpayer)”,
d
in paragraph 2(3), omit “or 12ZN(3)” and “or advance self-assessment”,
e
in paragraph 3(1), omit “or 12ZL” and “or NRCGT return”, and
f
in paragraph 5(1), omit “or advance self-assessment”.