Taxes Management Act 1970

[F1 Payment by instalments U.K.

Textual Amendments

F1 Sch. 3ZAA inserted (with effect in accordance with Sch. 7 para. 7 of the amending Act) by Finance Act 2019 (c. 1), Sch. 7 para. 2

5 U.K. A CGT exit charge payment plan must provide for the deferred exit charge to be payable in 6 equal instalments where—

(a) the 1st instalment is due on the day on which payment of the exit charge is (apart from the plan) due and payable under section 59B, and

(b) the other 5 instalments are due one on each of the first 5 anniversaries of that day.]