Section 283 Repayment supplements.C1

Subject to the provisions of this section, where in the case of capital gains tax paid by or on behalf of an individual for a year of assessment F1a repayment of that tax is made by the Board or an officer of the Board, the repayment shall be increased under this section by an amount (“a repayment supplement”) equal to interest on the amount repaid at the rate applicable under section 178 of the M1Finance Act 1989 for the period (if any) between the relevant time and F2the date on which the order for the repayment is issued.

For the purposes of subsection (1) above, F4the relevant time is the date on which the tax was paid.

A repayment supplement shall not be payable under this section in respect of a repayment or payment made in consequence of an order or judgment of a court having power to allow interest on the repayment or payment.

Subsections (1) to (3) above shall apply in relation to F5the trustees of a settlement or the personal representatives of a deceased person F6... as they apply in relation to an individual.

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