SCHEDULES

SCHEDULE 2Returns for disposals of UK land etc

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

4Obligation to deliver a return to officer of Revenue and Customs

1

If—

a

a person makes a disposal to which this Schedule applies as a result of paragraph 1(1)(b), and

b

the person would not be liable under paragraph 6 to pay an amount on account of the person’s liability to capital gains tax for the tax year concerned,

the person is not required to make or deliver a return under this Schedule in respect of the disposal.

2

In determining whether sub-paragraph (1)(b) applies, it is to be assumed that the person is required to make a return under this Schedule in respect of the disposal.