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Introductory Text
PRELIMINARY
1.Citation and commencement
2.Interpretation
GENERAL
3.Relevant interest in land — Specified description
4.Time of disposal
5.Person making disposal
6.Chargeable disposals
7.Accrual of gains
8.Computation of gains
9.Miscellaneous modifications of tax provisions as applied
10.Market Values — Disputes
11.Appropriation to trading stock
12.Claims and elections — Special cases
PAYMENT — GENERAL
13.Payment of levy — General
14.Payment of levy — Article 8(3) and 8(5) cases
15.Interest
16.Payment notice
17.Repayment — Error, mistake or recomputation
LEASES
18.Leases at rents — Grant
19.Leases at rents — Subsequent disposals of reversions
20.Leases at rents — Early termination, renewal or extension
21.Leases at rents — Holding over and tacit relocation
22.Leases — Adjustment of levy
23.Leases at rents — Levy payable by instalments
24.Leases — Early termination
25.Operational leases
26.Leases — Supplementary
OPTIONS
27.Options–Computation of gains
28.Options–Payment of levy
29.Options–Subsequent exercise
30.Option lapsing–Recomputation
31.Option lapsing–Supplementary
32.Option lapsing etc.–Repayment
CHARGEABLE COMPANY'S GROUP
33.Disposals within wholly-owned group
34.Company ceasing to be member of group
35.Decrease in equity holding
ADMINISTRATION ETC.
36.Disposal statements
37.Assessment
38.Referee
39.Supplementary requirements
40.Service of Documents
41.Penalties
Signature
SCHEDULE 1
MEANING OF ASSOCIATED DISPOSAL
1.For the purposes of this Order, a disposal of relevant...
2.For the purposes of sub-paragraph (a) of paragraph 1 above,...
3.For the purposes of paragraph 2 above, any question whether...
SCHEDULE 2
MODIFICATION OF TAX PROVISIONS APPLYING TO LEVY
1.Sections 267 and 268A of the 1970 Act shall not...
2.Subsection (4) of section 21 of the 1979 Act shall...
3.Section 31(1) of the 1979 Act shall not apply for...
4.(1) Subject tosub-paragraph (2) below, paragraph (a) of section 32(1)...
5.(1) In the application, for the purposes of section 17...
6.Subsections (1) and (2) of section 33 of the 1979...
7.Sections 40(2) and 41(2) of the 1979 Act shall apply...
8.(1) In the application for the purposes of section 17...
9.Section 108(4) of the 1979 Act shall apply for the...
10.Sections 111A and 115 to 121 of the 1979 Act...
11.Section 113 of the 1979 Act shall not apply for...
12.(1) Section 87(2) of the Finance Act 1982 shall apply...
13.Sections 96 and 97 of, and Schedules 8 and 9...
SCHEDULE 3
DISPOSAL STATEMENTS
TOTALS FOR DISPOSAL PERIOD
1.A disposal statement shall state— (a) the disposal period to...
INDIVIDUAL RELEVANT DISPOSALS
2.The information required by the following paragraphs 3 to 10...
3.There shall be given the date of the disposal and...
4.A description shall be given of the relevant land or...
5.A summary of the terms of the disposal shall be...
6.In the case of a disposal other than a section...
7.In the case of a disposal which is not a...
8.In the case of section 278 disposal there shall be...
9.The amount of the gain accruing on the disposal shall...
10.There shall be given— (a) the amount of the levy...
FURTHER INFORMATION
11.There shall be given— (a) a list of all small...
12.If a disposal on which by virtue of paragraph (2)...
13.If in the period between the end of any previous...
14.If an instalment under article 23 is payable on the...
INTERPRETATION
15.In this Schedule “disposal”— (a) does not, except in paragraphs...
16.In this Schedule references to an independent valuer are references...
Explanatory Note