Revenue Note for Guidance
Where under section 579B a chargeable gain accrues to trustees of a settlement and the resulting capital gains tax is not paid within 6 months from the time when it became payable, the Revenue Commissioners can seek to recover that tax from certain trustees.
(3) The section has application where on or after 11 February, 1999 a chargeable gain accrues to trustees of a settlement under section 579B and the tax thereby due for the year of assessment concerned has not been paid within 6 months of the date on which it is due and payable.
(4) Where the section applies the Revenue Commissioners may, at any time before the end of the specified period in relation to the year of assessment concerned, serve on certain persons a notice requiring the person to pay the tax outstanding within 30 days.
(1) The specified period in relation to a year of assessment is the period beginning with the date on which the self assessment return was due and ending 3 years after the date on which the return for the chargeable period is delivered to the Collector-General.
(5) The person on whom the Revenue Commissioners may serve a notice is any person who at any time within the relevant period was a trustee of the settlement other that a person who —
(2) The relevant period means —
(6) Tax which a person is required by notice to pay —
Relevant Date: Finance Act 2019