SCHEDULES

SCHEDULE 7Payment of CGT exit charges

3Penalties

1

Schedule 56 to FA 2009 (penalty for failure to make payments on time) is amended as follows.

2

In the Table at the end of paragraph 1, after entry 3B insert—

3C

Capital gains tax

Amount payable under a CGT exit charge payment plan entered into in accordance with Schedule 3ZAA to TMA 1970

The later of—

  1. a

    the date falling 30 days after the date specified in section 59B of TMA 1970 as the date by which the amount is due to be paid, and

  2. b

    the date on which the amount is payable under the plan.

3

In paragraph 3(1)(a), after “3B” insert “, 3C”.