SCHEDULES
SCHEDULE 2Returns for disposals of UK land etc
PART 1Returns and payments on account: disposals of UK land etc
8Repayments of amounts previously paid on account of capital gains tax
1
This paragraph applies if—
a
a person makes and delivers a return under this Schedule in respect of a disposal,
b
the person has previously paid amounts on account of the person’s liability to capital gains tax for the tax year concerned, and
c
the amounts exceed the amount of capital gains tax notionally chargeable on the person as at the filing date for the return.
2
The excess is repayable to the person on the filing date for the return.
3
In determining the total amount of payments that have, at any time, been made on account of a person’s liability to capital gains tax for a tax year, account must be taken of amounts already repaid under this paragraph.