# Taxes Management Act 1970, Paragraph 2

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

(1) This paragraph applies where a person resident in an EEA state outside the United Kingdom is liable to pay an exit charge for a tax year by virtue of section 25(1) or (3) of the 1992 Act (deemed disposals by non-residents).
(2) The person is eligible to enter into a CGT exit charge payment plan in relation to any one or more of the assets to which the exit charge relates if—
(a) at the time of the event giving rise to the exit charge, the person had a right to freedom of establishment, or
(b) at any time after that event, the person carries on a trade in an EEA state other than the United Kingdom through a branch or agency and the asset or assets is or are—
(i) used in or for the purposes of that trade, or
(ii) used or held for the purposes of the branch or agency.

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Source: https://www.legislation.gov.uk/ukpga/1970/9/schedule/3ZAA/paragraph/2 (the official version)
Page: https://openlegislation.uk/taxes-management-act-1970/schedule-3ZAA/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.