Taxes Management Act 1970 section 57

Regulations about appeals

Section 57 gives HMRC the power to make regulations governing appeals against capital gains tax assessments and related claims decisions.

• HMRC may make regulations covering the conduct of CGT appeals, who may be a party to them, and the time limits for bringing appeals or claims.
• Where the market value of an asset or an apportionment affects more than one person's CGT liability, the regulations can ensure that the matter is determined consistently rather than differently on separate occasions.
• HMRC officers may be authorised to disclose market value determinations and other relevant decisions to affected parties, even where secrecy obligations would otherwise apply.
• The regulations are made by statutory instrument, subject to annulment by the House of Commons, and override any conflicting provision in the Taxes Management Act itself.