Enquiries into returns
4.—(1) Part 3 (enquiries into returns) is amended as follows.
(2) In paragraph 12 (enquiries)—
(a)at the end of sub-paragraph (2) (length of enquiry period) add—
“This is subject to the following qualification.”.
(b)after that sub-paragraph insert—
“(2A) If—
(a)the Inland Revenue give notice, within the period specified in sub-paragraph (2), of their intention to enquire into a land transaction return delivered under section 80 (adjustment where contingency ceases or consideration is ascertained), 81 (further return where relief withdrawn) or 81A (return or further return in consequence of later linked transaction)(1), and
(b)it appears to the Inland Revenue to be necessary to give a notice under this paragraph in respect of an earlier land transaction return in respect of the same land transaction,
a notice may be given notwithstanding that the period referred to in sub-paragraph (2) has elapsed in relation to that earlier land transaction.”.
Section 81A was inserted by paragraph 19(1) of Part 2 of Schedule 39 to the Finance Act 2004 (c. 12).