Finance Act 2019 (c. 1)

SCHEDULES

SCHEDULE 2 Returns for disposals of UK land etc

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

Obligation to deliver a return to officer of Revenue and Customs

4 (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.