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Thanks for that.The Company is a land dealing company and therefore pays Corporation Tax on gains.Would the revenue defer the tax over a period?
My understanding of Section 280 TCGA 1992 which covers payment of tax by instalments covers companies as well as individuls because it mentions "person" as opposed to individual. In Schedule 1 F38 Interpretation Act 1978, "person" can mean "a body of persons corporate or unincorporate". So, based on that and assuming the sale proceeds are known at the time of the sale, your company can apply to pay any corporation tax on the gain by instalments.