Section 979 Time for payment of capital gains tax assessed under sections 977(3) or 978(2) and (3)
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Capital gains tax assessed on any person under section 977(3) or subsections (2) and (3) of section 978 in respect of gains accruing in any year shall be payable by that person at or before the expiration of 3 months following that year, or at the expiration of a period of 2 months beginning with the date of the making of the assessment, whichever is the later.
When is capital gains tax payable if I am a shareholder receiving a capital distribution and/or a donee in respect of a chargeable gain accruing to a donor?
Capital gains tax assessed is payable within two months of the notice of assessment, or three months of the end of the year in which the gain accrued, whichever is later, where the gain is charged:...
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