SCHEDULES

F1SCHEDULE 3ZAACGT exit charge payment plans

Annotations:
Amendments (Textual)
F1

Sch. 3ZAA inserted (with effect in accordance with Sch. 7 para. 7 of the amending Act) by Finance Act 2019 (c. 1), Sch. 7 para. 2

Payment by instalments

5

A CGT exit charge payment plan must provide for the deferred exit charge to be payable in 6 equal instalments where—

a

the 1st instalment is due on the day on which payment of the exit charge is (apart from the plan) due and payable under section 59B, and

b

the other 5 instalments are due one on each of the first 5 anniversaries of that day.