PART II RETURNS OF INCOME AND GAINS
Corporation tax
12 Information about chargeable gains. [1965 Sch.X 1(1).] [1965 Sch.X 6(1); 1966 Sch.VI 2(6).]
1
2
A notice under section 8 [or section 8A F4] or section 11 of this Act may require particulars of any assets acquired by the person on whom the notice was served (or if the notice relates to income or chargeable gains of some other person, of any assets acquired by that other person) in the period specified in the notice (being a period beginning not earlier than 6th April 1965) but excluding—
a
any assets exempted by the following provisions of the F51992 Act, namely—
i
section F651(1) (rights to winnings from pool betting, lotteries or games with prizes),
ii
section F7121 (government non-marketable securities),
b
c
any assets acquired as trading stock.
M13
The particulars required under this section may include particulars of the person from whom the asset was acquired, and of the consideration for the acquisition.
M24
A return ofincome of a partnership F12 under section 9of this Act shall include—
a
with respect to any disposal of partnership property during a period to which any part of the return relates, the like particulars as if the partnership were liable to tax on any chargeable gain accruing on the disposal, and
b
with respect to any acquisition of partnership property, the particulars required under subsection (2) above.