Finance (No. 2) Act 2023 · Updated to 29 Dec 2023 · Chapter III · Amendments to the Real Property Gains Tax Act 1976
47. Amendment of section 21
Feedback & supportSection 21 of the principal Act is amended—
in subsection (1), by substituting for the words “Subject to this section” the words “Except as provided in subsections (1a) and (1b)”; and
by inserting after subsection (1) the following subsections:
“(1a) Where an assessment on a return has been made under subsection 14(1), the tax or additional tax payable under the assessment shall be due and payable within the period of sixty days from the date of disposal whether or not that person appeals against the assessment or additional assessment.
Where an assessment on an amended return has been made under section 15a, the tax or additional tax payable under the assessment shall be due and payable on the day the amended return is furnished whether or not that person appeals against the assessment or additional assessment.”.