Non-resident capital gains tax returns

(Raymond Magill) #1

The NRCGT return is incorrect in that it requires a computation of the tax liability even if the tax is not payable within 30 days of completion because the person making the disposal has been required to do a self assessment tax return. Evidently, the return form was designed ignoring S.12ZG TMA 1970 [cases where advanced self assessment not required].

The return asks that Yes or No is put in a box opposite each of four possible disposal periods. For example, the first is ‘Disposal between 6 April 2015 and 5 April 2016’.

Am I being over-pedantic in suggesting that this period does not include disposals on 6 April 2015 and 5 April 2016?

Ray Magill