C1C2PART 3Annual tax on enveloped dwellings
Pt. 3 modified (temp.) (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 24 para. 2
Adjustment of amount charged
106Adjustment of amount chargeable
1
Where tax is charged for a chargeable period with respect to a single-dwelling interest and the adjusted chargeable amount is greater than the initial charged amount, the amount of tax charged is taken to be increased to the adjusted chargeable amount.
2
In this section “the initial charged amount” means the amount of tax charged under section 99 for the period in respect of the interest.
3
Subsection (4) applies where—
a
tax is charged for a chargeable period with respect to a single-dwelling interest,
b
the adjusted chargeable amount is less than the initial charged amount, and
c
a claim for relief is made under this subsection.
4
The amount of tax charged for the period with respect to the interest is taken to be reduced (at the end of the chargeable period) to the adjusted chargeable amount.
5
Relief under subsection (3) must be claimed—
a
in an annual tax on enveloped dwellings return, or
b
by amending an annual tax on enveloped dwellings return.
6
The claim must be delivered by the end of the chargeable period following the one to which the claim relates.
7
Relief under subsection (3) may be given by repayment of tax or otherwise.
8
See also section 160 (return of adjusted amount chargeable); and see section 163(2) for provision about payment of additional tax by reference to the adjusted chargeable amount.
Pt. 3 applied (17.7.2014) by Finance Act 2014 (c. 26), s. 223(8)(9)(e)