Search Legislation

Finance Act 2003

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Paragraph 6

 Help about opening options

No versions valid at: 13/04/2003

Alternative versions:

Status:

Point in time view as at 13/04/2003. This version of this cross heading contains provisions that are not valid for this point in time. Help about Status

Changes to legislation:

Finance Act 2003, Paragraph 6 is up to date with all changes known to be in force on or before 28 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. Help about Changes to Legislation

Valid from 10/07/2003

6(1)A return or self-certificate in relation to a land transaction may be made or given by any one or more of the trustees who are the responsible trustees in relation to the transaction.U.K.

The trustees by whom such a return or self-certificate is made are referred to below as “the relevant trustees”.

(2)The declaration required by paragraph 1(1)(c) of Schedule 10 or paragraph 2(1)(c) of Schedule 11 (declaration that return or self-certificate is complete and correct) must be made by all the relevant trustees.

(3)If the Inland Revenue give notice of an enquiry into the return or self-certificate—

(a)the notice must be given to each of the relevant trustees,

(b)the powers of the Inland Revenue as to the production of documents and provision of information for the purposes of the enquiry are exercisable separately (and differently) in relation to each of the relevant trustees,

(c)any of the relevant trustees may apply for a direction that a closure notice be given (and all of them are entitled to appear and be heard on the application), and

(d)the closure notice must be given to each of the relevant trustees.

Provided that a notice is not invalidated by virtue of paragraph (a) or (d) if it is given to each of the relevant trustees whose identity is known to the Inland Revenue.

(4)A Revenue determination or discovery assessment relating to the transaction must be made against all of the relevant trustees and is not effective against any of them unless notice of it is given to each of them whose identity is known to the Inland Revenue.

(5)In the case of an appeal arising from proceedings under this Part relating to the transaction—

(a)the appeal may be brought by any of the relevant trustees,

(b)notice of the appeal must be given to any of them by whom it is not brought,

(c)the agreement of all the relevant trustees is required if the appeal is to be settled by agreement,

(d)if it is not settled, any of them are entitled to appear and be heard, and

(e)the decision on the appeal binds all of them.

Back to top

Options/Help