Regulation 16 Notice of decision on an application

(1)

The Inland Revenue must give notice in writing to the person by whom the application was made of their decision whether to accept or refuse an application.

(2)

Where the Inland Revenue accept an application, the notice must set out the terms on which the application has been accepted and, in particular, must—

(a)

specify—

(i)

any tax payable in accordance with a land transaction return relating to the transaction in question;

(ii)

the nature of any relevant events; and

(iii)

the dates of any relevant events (if known); and

(b)

state that tax is payable within 30 days after the occurrence of a relevant event and in accordance with Part 4 of these Regulations.

(3)

Where the Inland Revenue refuse an application, the notice must set out—

(a)

the grounds for the refusal; and

(b)

the total amount of tax payable in consequence of the refusal.