Part 4Property income
Chapter 4Profits of property businesses: lease premiums etc
Determinations affecting liability of more than one person
240Appeals against proposed determinations
1
Subsection (2) applies if it appears to an officer of Revenue and Customs that—
a
a determination is needed of an amount that is to be brought into account as a receipt under this Chapter in calculating the liability to tax of a person (“the first taxpayer”), and
b
the determination may affect the liability to corporation tax, income tax or capital gains tax of other persons.
2
The officer may give notice (a “provisional notice of determination”) to the first taxpayer and the other persons of—
a
the determination the officer proposes to make, and
b
their rights under this section and section 242.
3
A person to whom a provisional notice of determination is given may object to the proposed determination by giving notice (“a notice of objection”) to the officer.
4
The notice of objection must be given within 30 days of the date on which the provisional notice of determination was given.
5
If an officer gives provisional notices of determination and no person gives a notice of objection—
a
a determination must be made by the officer as proposed in the provisional notices, and
b
the determination is not to be called in question in any proceedings.