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.