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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Payment of tax: by instalments

TCGA92/S281

TCGA92/S281 provides for tax to be paid by instalments over ten years if

  • certain specified assets are gifted, and

    • gifts hold-over relief is not available, or in certain circumstances where hold-over relief was obtained but clawed back under the provisions of TCGA92/S169C.

For guidance on how to deal with claims see CG66520+.

TCGA92/S280

If disposal proceeds are receivable in instalments but tax is payable in full this may cause hardship. TCGA92/S280 allows the tax to be paid by instalments in certain circumstances. For guidance on how to deal with claims see CG14910+.

TCGA92/S279

TCGA92/S279 provides that payment of tax may be deferred where

  • a person realises a gain on the disposal of assets situated abroad, but
  • is genuinely unable to transfer that gain to the UK because

    • restrictions are imposed abroad, or
    • foreign currency is unobtainable.

For guidance on how to deal with claims see CG78401+.