PART 4Returns and payment

CHAPTER 1Returns

Adjustments and further returns

I133Further return where relief withdrawn

1

The buyer in a land transaction must make a further return to the Tax Authority if relief is withdrawn to any extent under—

a

Part 5 of schedule 4 (relief for certain acquisitions of residential property),

b

Part 5 of schedule 5 (transfer of multiple dwellings),

c

Part 4 of schedule 8 (relief for alternative finance investment bonds),

d

Part 3 of schedule 10 (group relief),

F1da

Part 3 of schedule 10A (sub-sale development relief),

e

Part 4 of schedule 11 (reconstruction relief and acquisition relief), or

f

paragraph 4 of schedule 13 (charities relief).

2

The return must include an assessment of the amount of tax that, on the basis of the information contained in the return, is chargeable.

3

The return must be made before the end of the period of 30 days beginning with the day after the date on which the relevant event occurred.

4

The relevant event is—

a

in relation to the withdrawal of relief under schedule 4, an event mentioned in paragraph 14(a), (b) or (c) or 16(a), (b) or (c) of that schedule,

b

in relation to the withdrawal of relief under schedule 5, an event mentioned in paragraph 16(a) or 18(a) of that schedule,

c

in relation to the withdrawal of relief under schedule 8, an event mentioned in paragraph 16 of that schedule,

d

in relation to the withdrawal of group relief, the buyer ceasing to be a member of the same group as the seller within the meaning of schedule 10,

F2da

in relation to the withdrawal of sub-sale development relief, the end of the relevant period within the meaning of paragraph 4(3) of schedule 10A,

e

in relation to the withdrawal of reconstruction relief or acquisition relief, the change of control of the acquiring company mentioned in paragraph 13 of schedule 11,

f

in relation to the withdrawal of charities relief, a disqualifying event as defined in paragraphs 5 and 6 of schedule 13.