SCHEDULES

SCHEDULE 2Returns for disposals of UK land etc

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

3Obligation to deliver a return to officer of Revenue and Customs

1

If a person makes a disposal to which this Schedule applies, the person—

a

must make a return in respect of the disposal, and

b

must deliver the return to an officer of Revenue and Customs on or before the 30th day following the day of the completion of the disposal.

2

If—

a

a person makes two or more disposals to which this Schedule applies, and

b

the disposals are made in the same tax year with the same completion date,

the person must make and deliver a single return with respect to the disposals.

3

This paragraph is subject to—

a

paragraph 4 (residential property gain accruing but no payment on account required),

b

paragraph 5 (ordinary tax return already delivered etc), and

c

paragraph 10 (disposal in case of a collective investment scheme).