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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 23 March 2000 - onwards

142. Amendment of section 48 (receipts and certificates) of Principal Act.

Section 48 of the Principal Act is amended by -

(a) the substitution of the following subsections for subsections (3), (4) and (5):

"(3) The Commissioners shall, on application to them by a person who is an accountable person in respect of any of the property of which a taxable gift or taxable inheritance consists, if they are satisfied that the tax charged on the property in respect of the taxable gift or taxable inheritance has been or will be paid, or that there is no tax so charged, give a certificate to the person, in such form as they think fit, to that effect.

(3A) Where a person who is an accountable person in respect of the property of which a taxable gift or taxable inheritance consists has -

(a) delivered to the Commissioners, a full and true return of all the property comprised in the gift or inheritance on the valuation date and such particulars as may be relevant to the assessment of tax in respect of the gift or inheritance,

(b) made on that return an assessment of such amount of tax as, to the best of that person's knowledge, information and belief, ought to be charged, levied and paid, and

(c) duly paid the amount of such tax (if any),

the Commissioners may give a certificate to the person, in such form as they think fit, to the effect that the tax charged on the property in respect of the taxable gift or taxable inheritance has been paid or that there is no tax so charged.