
Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThe Whole
Cross Heading
PrintThis
Section
only
Changes over time for: Section 91


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 31/12/2020.
Changes to legislation:
Finance Act 2016, Section 91 is up to date with all changes known to be in force on or before 06 March 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.

Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
91NRCGT returnsU.K.
In TMA 1970, after section 12ZB (NRCGT return) insert—
“12ZBAElective NRCGT return
(1)A person is not required to make and deliver an NRCGT return under section 12ZB(1), but may do so, in circumstances to which this section applies.
(2)The circumstances to which this section applies are where the disposal referred to in section 12ZB(1) is—
(a)a disposal on or after 6 April 2015 where, by virtue of any of the no gain/no loss provisions, neither a gain nor a loss accrues, or
(b)the grant of a lease on or after 6 April 2015 which is—
(i)for no premium,
(ii)to a person who is not connected with the grantor, and
(iii)under a bargain made at arm's length.
(3)For the purposes of subsection (2)—
“connected” is to be construed in accordance with section 286 of 1992 Act;
“no gain/no loss provisions” has the meaning given by section 288(3A) of the 1992 Act;
“lease” and premium” have the meanings given by paragraph 10 of Schedule 8 to the 1992 Act.
(4)The Treasury may by regulations made by statutory instrument add or remove circumstances to which this section applies.
(5)Regulations under subsection (4) may—
(a)amend this section or any other enactment;
(b)make consequential provision.
(6)A statutory instrument containing regulations under subsection (4) is subject to annulment in pursuance of a resolution of the House of Commons.
(7)Paragraph 1 of Schedule 55 to the Finance Act 2009 (penalty for late returns) does not apply in relation to an NRCGT return which is made and delivered by virtue of this section.”
Back to top