The Act Part 4 – Returns and Payment Adjustments and further returns Section 32 – Contingency ceases or consideration ascertained: less tax payable
90.Section 32 is connected with section 31 and provides for a claim to repayment if tax has been overpaid. Subsection (3) disapplies section 32 in so far as the consideration consists of rent (see schedule 19 leases). See also section 21(9)(a) in the case of annuities.
91.Defined terms used in this section: