Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2013 - onwards
    Version 1 of 1    

959AQ. Date for payment of capital gains tax.

(1) Capital gains tax payable by a chargeable person for a tax year is, where an assessment has not been made on or by the chargeable person for the tax year, due and payable -

(a) as respects tax payable for the initial period, on or before 15 December in the tax year, and

(b) as respects tax payable for the later period, on or before 31 January in the next following tax year.

(2) Where the capital gains tax payable by a chargeable person for a tax year is due and payable in accordance with subsection (1), then the amount of tax payable that is specified in any subsequent assessment made on or by the chargeable person for that year shall be deemed to have been due and payable -

(a) on or before 15 December in the tax year, as respects tax payable for the initial period, and

(b) on or before 31 January in the next following tax year, as respects tax payable for the later period.

Comparing proposed amendment...