Taxes Management Act 1970 section 12ZBA

Elective NRCGT return

Section 12ZBA deals with the option for certain persons to file a non-resident capital gains tax (NRCGT) return voluntarily, even when they are not legally required to do so.

• A person who is not required to file an NRCGT return under section 12ZB may choose to file one voluntarily — this is known as an "elective NRCGT return."
• An elective NRCGT return is treated in the same way as a standard NRCGT return for most purposes, meaning the same rules and consequences generally apply.
• This provision was introduced by the Finance Act 2019 and applies as part of the broader framework governing capital gains tax obligations for non-residents disposing of UK property.
• By filing an elective return, a person can report a disposal and settle any tax liability at an early stage, rather than waiting until the self-assessment return is due.

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