HL Deb 11 November 1980 vol 414 cc1355-6WA
The MARQUESS of AILESBURY

asked Her Majesty's Government:

What is their procedure for collecting capital transfer tax from people whose home is in Jersey.

The MINISTER of STATE, TREASURY (Lord Cockfield)

The normal collection procedure for unpaid capital transfer tax, in the absence of payment on demand of tax that has been agreed or has been determined, is recovery by legal process from those liable for it. The latter can, according to the nature of the transfer, include the transferor, the transferee, the personal representatives of a deceased person, the trustees of a settlement, any person in whom the transferred property is vested, and any person for whose benefit the settled property or the income from it is applied. It is possible to take legal proceedings to recover tax from a person outside the United Kingdom. Interest accrues on overdue capital transfer tax at the rate of 9 per cent. per annum (12 per cent. in the case of lifetime gifts).

The legislation also provides that where tax (or interest on it) remains unpaid a charge can be imposed on any property included in the value on which the tax has been charged, including settled property, but excluding in general personal or movable property in the United Kingdom and heritable property in Scotland.