(1) In this section -
"old asset" and "new asset" have the same meanings respectively as in section 597;
references to a donor include, in the case of an individual who has died, references to his or her personal representatives;
references to a gift include references to any transaction otherwise than by means of a bargain made at arm's length in so far as money or money's worth passes under the transaction without full consideration in money or money's worth, and "donor" and "donee" shall be construed accordingly.
(2) Where -
(a) a chargeable gain accrues in any year of assessment to any person on the disposal of an asset by means of a gift, and
(b) any amount of capital gains tax assessed on that person for that year of assessment is not paid within 12 months from the date when the tax becomes payable,
the donee may by an assessment made not later than 2 years from the date when the tax became payable be assessed and charged (in the name of the donor) to capital gains tax on an amou
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