Revenue: CAT Consolidation Act 2003 Notes for Guidance - Finance Act 2015 Edition
- PART 5 PROVISIONS RELATING TO GIFTS AND INHERITANCES
- 31. Distributions from discretionary trusts.
- 32. Dealings with future interests.
- 33. Release of limited interests, etc.
- 34. Settlement of an interest not in possession.
- 35. Enlargement of interests.
- 36. Dispositions involving powers of appointment.
- 37. Cesser of liabilities.
- 38. Disposition enlarging value of property.
- 39. Gift subject to power of revocation.
- 40. Free use of property, free loans, etc.
- 41. When interest in assurance policy becomes interest in possession.
- 42. Provisions to apply where section 98 of Succession Act 1965 has effect.
- 43. Disposition by or to a company.
- 44. Arrangements reducing value of company shares.
- PART 6 RETURNS AND ASSESSMENTS
- 45. Accountable persons.
- 45A. Obligation to retain certain records.
- 45AA. Liability of certain persons in respect of non-resident beneficiaries.
- 46. Delivery of returns.
- 46A. Expression of doubt.
- 47. Signing of returns, etc.
- 48. Affidavits and accounts.
- 49. Assessment of tax.
- 50. Computation of tax.
- PART 7 PAYMENT AND RECOVERY OF TAX, INTEREST AND PENALTIES
- 51. Payment of tax and interest on tax.
- 52. Set-off of gift tax paid in respect of an inheritance.
- 53. Surcharge for under-valuation of property.
- 53A. Surcharge for late returns.
- 54. Payment of tax by instalments.
- 55. Payment of tax on certain assets by instalments.
- 56. Payment of inheritance tax by transfer of securities.
- 57. Overpayment of tax.
- 58. Penalties.
- 59. Postponement, remission and compounding of tax.
- 60. Tax to be a charge.
- 61. Receipts and certificates.
- 62. Certificate relating to registration of title based on possession.
- 63. Recovery of tax and penalties.
- 64. Application of certain income tax provisions in relation to the collection and recovery of capital acquisitions tax, etc.
- 65. Evidence in proceedings for recovery of tax.
- PART 9 EXEMPTIONS
- 69. Exemption of small gifts.
- 70. Exemption for spouses (gifts).
- 71. Exemption for spouses (inheritances).
- 72. Relief in respect of certain policies of insurance.
- 73. Relief in respect of certain policies of insurance relating to tax payable on gifts.
- 74. Exemption of certain policies of assurance.
- 75. Exemption of specified collective investment undertakings.
- 76. Provisions relating to charities, etc.
- 77. Exemption of heritage property.
- 78. Heritage property of companies.
- 79. Exemption of certain inheritances taken by parents.
- 80. Payments relating to retirement, etc.
- 81. Exemption of certain securities.
- 82. Exemption of certain receipts.
- 83. Exemption where disposition was made by the donee or successor.
- 84. Exemption relating to qualifying expenses of incapacitated persons.
- 85. Exemption relating to retirement benefits.
- 86. Exemption relating to certain dwellings.
- 87. Exemption of certain benefits.
- 88. Exemption of certain transfers from capital acquisitions tax following dissolution of marriage or civil partnership.
- 88A. Certain transfers by qualified cohabitants.
- PART 10 RELIEFS
- CHAPTER 2: Business relief
- 90. Interpretation (Chapter 2).
- 91. Application (Chapter 2).
- 92. Business relief.
- 93. Relevant business property.
- 94. Minimum period of ownership.
- 95. Replacements.
- 96. Succession.
- 97. Successive benefits.
- 98. Value of business.
- 99. Value of certain shares and securities.
- 100. Exclusion of value of excepted assets.
- 101. Withdrawal of relief.
- 102. Avoidance of double relief.
- PART 11 MISCELLANEOUS
- 108. Certificates for probate.
- 109. Payment of money standing in names of 2 or more persons.
- 110. Court to provide for payment of tax.
- 111. Liability to tax in respect of certain sales and mortgages.
- 112. References in deeds and wills, etc. to death duties.
- 113. Tax, in relation to certain legislation.
- 114. Delivery, service and evidence of notices and forms, etc.
- 115. Extension of certain Acts.
- 116. Regulations.
- 117. Care and management.