Textual Amendments
F1Sch. 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
7(1)If the taxpayer is eligible under paragraph 2, a CGT exit charge payment plan must specify—U.K.
(a)the EEA state in which the person entering into the plan is resident, and
(b)if the person has ceased to carry on a trade in the United Kingdom through a branch or agency there, the date on which the person ceased to do so.
(2)If the taxpayer is eligible under paragraph 3, a CGT exit charge payment plan must specify—
(a)the date on which the trustees of the settlement became not resident in the United Kingdom for the purposes of section 80 of the 1992 Act, and
(b)the EEA state in which those trustees became resident.
(3)A CGT exit charge payment plan must specify—
(a)the amount of the exit charge which, in the taxpayer's opinion, the taxpayer is liable to pay under section 25 or (as the case may be) section 80 of the 1992 Act in respect of the tax year, and
(b)the amount of the deferred exit charge.
(4)A CGT exit charge payment plan may contain appropriate provision regarding security for HMRC if an officer of Revenue and Customs considers that there would be a serious risk to collection of any amount of deferred exit charge without it.]