SCHEDULES

SCHEDULE 7 U.K. Disposals of UK residential property interests by non-residents etc

PART 2 U.K. Other amendments

56 (1) In FA 2007, Schedule 24 (penalties for errors) is amended as follows. U.K.

(2) In paragraph 1, in the table in sub-paragraph (4), after the entry relating to accounts in connection with a partnership return insert—

“Capital gains tax

Return under section 12ZB of TMA 1970 (NRCGT return).”

(3) After paragraph 21B insert—

“Treatment of certain payments on account of tax U.K.

21C In paragraphs 1(2) and 5 references to “tax” are to be interpreted as if amounts payable under section 59AA(2) of TMA 1970 (non-resident CGT disposals: payments on account of capital gains tax) were tax.”