Taxes Consolidation Act 1997 section 960R

Power of Collector-General to require certain persons to provide return of property

Section 960R empowers the Collector-General to require a person with outstanding tax liabilities to deliver a statement of affairs setting out that person's assets, liabilities, income and outgoings.

• Where tax is due and outstanding, the Collector-General may require the defaulter — and, where jointly assessed, the defaulter's spouse or civil partner — to deliver a statement of affairs within 30 days of the notice.
• The statement must list all assets (with description, location, acquisition cost, acquisition date, market value and insurance details), all liabilities, and all income and outgoings on the specified date.
• Assets of minor children must be included where those assets were previously disposed of by the individual or acquired with funds provided directly or indirectly by that individual.
• The statement must be signed and accompanied by a statutory declaration that it is correct and complete to the best of the signatory's knowledge and belief.