Taxes Consolidation Act 1997 section 931

Making of assessments and application of income tax assessment provisions

Section 931 applied the income tax assessment rules to capital gains tax, so that CGT assessments were made by inspectors or other Revenue-appointed officers in the same manner as income tax assessments under Schedule D. This section was deleted by Finance Act 2012, section 129(2).

• The income tax assessment rules applied, with any necessary modifications, to capital gains tax in the same way as they applied to income tax chargeable under Schedule D.
• Specific income tax provisions were applied to CGT, covering the making of assessments, granting of allowances and reliefs, assessment in the absence of a return, additional assessments, transmission of collection particulars to the Collector-General, and double assessment.
• For persons within the self-assessment system, the provisions of Part 41 also applied; however, for the tax year 2013 onwards and company accounting periods beginning on or after 1 January 2013, the provisions of Part 41A (inserted by Finance Act 2012) took over.
• Section 871 permitted a capital gains tax assessment to be combined with an income tax or corporation tax assessment on a single notice.