Policy paper

Extension of offshore time limits for the assessment of tax

This measure increases the offshore non-compliance tax assessment time limit to 12 years involving Income Tax, Capital Gains Tax and Inheritance Tax.

Documents

Draft legislation

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Explanatory note for Income Tax and Capital Gains Tax

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Explanatory note for Inheritance Tax

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Details

This measure increases the tax assessment time limit for non-deliberate offshore non-compliance.

The time limit will be increased to 12 years for Income Tax, Capital Gains Tax and Inheritance Tax.

A consultation with a summary of responses about Extension of offshore time limits is also available.

Published 6 July 2018