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HMRC internal manual

Capital Gains Manual

Gifts: instalments: liaison with Collector

If you receive an election to pay Capital Gains Tax by instalments then you need to let the Collector know. You have to



  • advise the Collector immediately that the application has been received and that it is being verified




  • verify the election


  • agree with the taxpayer the amount of tax chargeable on the gain which the instalment arrangement covers


  • advise the Collector

    • if payment is by instalments, indicating how much tax is covered by the instalment arrangement
    • or, if payment is not by instalments, sending the Collector a copy of the letter issued to the taxpayer refusing the election.