1031N Application of section 1031G for purposes of capital gains tax

Summary

By applying the provisions of section 1031G (special provisions relating to tax on a civil partner’s income) with any necessary modifications, this section gives Revenue the right to issue a demand notice to a civil partner (or, if he or she is dead, to his or her executors) for capital gains tax attributable to chargeable gains accruing to him or her but which was assessed on his or her civil partner. Such a demand may be made where the amount of capital gains tax assessed on the civil partner remains unpaid 28 days after it became due. Any such demand is confined to the amount of capital gains tax which would have been payable by him or her if he or she had been assessed separately or the total amount assessed on the civil partner, whichever is the lesser.

Relevant Date: Finance Act 2021