Part 3 Enquiry Into Return
Finance Act 2003 (2003 c 14) | Legislation

Part 3 Enquiry Into Return

Notice of enquiry

12

(1)     The Inland Revenue may enquire into a land transaction return if they give notice of their intention to do so (“notice of enquiryâ€)—

(a)     to the purchaser,

(b)     before the end of the enquiry period.

(2)     The enquiry period is the period of nine months—

(a)     after the filing date, if the return was delivered on or before that date;

(b)     after the date on which the return was delivered, if the return was delivered after the filing date;

(c)     after the date on which the amendment was made, if the return is amended under paragraph 6 (amendment by purchaser).

[This is subject to the following qualification.]

[(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under section 80 (adjustment where contingency ceases or consideration is ascertained), 81 (further return where relief withdrawn) [[or 81A] (return or further return in consequence of later linked transaction) . . .], 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

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