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HMRC internal manual

Capital Gains Manual

Small capital distributions: procedure - years before SA

TCGA92/S122 (3)

For years before Self Assessment TCGA92/S122 (2) puts the responsibility for determining whether a capital distribution is small on the Inspector. Section 122(2) applies if the Inspector is satisfied that the amount distributed is small, and makes a direction to that effect.

The taxpayer can appeal against a refusal by the Inspector to make a direction, TCGA92/S122 (3).