Repayments of amounts previously paid on account of capital gains tax
8(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.