# Taxation of Chargeable Gains Act 1992, Section 280: Consideration payable by instalments.

Extent: E+W+S+N.I.

If the consideration, or part of the consideration, taken into account in the computation of the gain is payable by instalments over a period beginning not earlier than the time when the disposal is made, being a period exceeding 18 months, then, at the option of the person making the disposal, the tax on a chargeable gain accruing on the disposal may be paid by such instalments as the Board may allow over a period not exceeding 8 years and ending not later than the time at which the last of the first-mentioned instalments is payable.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/section/280 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-280
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.