Section 22

CGT EXIT CHARGE PAYMENT PLANS

1  In TMA 1970, after section 59BA insert–

59BB  

“CGT exit charge payment plans

59BB  Schedule 3ZAA contains provision for the payment in instalments of capital gains tax to which liability arises by virtue of section 25 or 80 of the 1992 Act.”

2  After Schedule 3ZA to TMA 1970 insert–

“SCHEDULE 3ZAA – CGT EXIT CHARGE PAYMENT PLANS

Section 59BB

INTRODUCTION

1(1)  This Schedule makes provision for certain persons who are liable to pay an exit charge under section 25 or 80 of the 1992 Act to agree with HMRC to pay the charge in instalments.

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