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Finance Act 2003
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Version Superseded: 01/04/2011
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Finance Act 2003, Paragraph 25 is up to date with all changes known to be in force on or before 25 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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25(1)If in the case of a chargeable transaction no land transaction return is delivered by the filing date, the Inland Revenue may make a determination (a “Revenue determination”) to the best of their information and belief of the amount of tax chargeable in respect of the transaction.U.K.
(2)Notice of the determination must be served on the purchaser, stating the date on which it is issued.
(3)No Revenue determination may be made more than six years after the effective date of the transaction.
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