SCHEDULES
SCHEDULE 20Repeals
PART ICustoms and Excise Repeals
Chapter | Short Title | Extent of Repeal |
---|---|---|
The Customs and Excise Act 1952. | Section 66. | |
The Finance Act 1957. | Section 3. | |
The Finance Act 1959. | In section 1(7) the words from " and section 3 of the Finance Act 1957 " onwards. | |
The Purchase Tax Act 1963. | In Part I of Schedule 1, in Group 14, paragraph (2) of the exemptions, and in paragraph (a) of Group 26 the words " Diaries, calendars and similar articles: and" | |
The Finance Act 1964. | Section 7(1) and (5). | |
The Finance Act 1965. | In section 5, subsections (1), (2), (6) and (7), and in subsection (5) the words "II and" and the words from " except" onwards. | |
In Schedule 5, Parts I, II, in, IV and VI. | ||
The Finance Act 1966. | Section 4. | |
Section 5 (on the expiration of the period of one month beginning with the day on which this Act is passed). | ||
In Schedule 3, paragraph 2(2)(b). | ||
The Finance Act 1967. | In section 1—
| |
Schedules 1, 3 and 4. | ||
The above repeals in the Finance Act 1965 do not affect licences taken out before 20th March 1968. |
PART IIDouble Taxation Relief Repeals
Chapter | Short Title | Extent of Repeal |
---|---|---|
The Income Tax Act 1952. | In Schedule 16 paragraphs 5, 6, 7 and 8. | |
The Finance Act 1965. | In Schedule 16 paragraphs 1 and 6. | |
This Part of this Schedule has effect as respects relief from income tax or capital gains tax for the year 1968-69 and subsequent years of assessment, and as respects relief from corporation tax for the financial year 1968 and subsequent financial years. |
PART IIICapital Gains Repeals
Chapter | Short Title | Extent of Repeal |
---|---|---|
The Finance Act 1965. | In section 17 subsections (7) and (8) where the acquisition and disposal take place after 19th March 1968. | |
Section 24(10) as respects a death after 19th March 1968. | ||
Section 29(11). | ||
In Schedule 6, paragraph 9(1)(b), and in paragraph 25(1) the words from "by notice" to "date of the disposal". | ||
In Schedule 8 paragraph 8 as respects a disposal after 5th April 1968. | ||
The Finance Act 1967. | In section 33(3) the words from " and ' year of assessment' " to the end of the subsection. |
PART IVEstate Duty Repeals
Chapter | Short Title | Extent of Repeal |
---|---|---|
The Customs and Inland Revenue Act 1889. | In the first paragraph of section 11(1) the words from "shall be read as if" to "said description of property ". | |
The Finance (1909-10) Act 1910. | In section 59 subsection (1), and in subsection (2) the words " and this section" and, as respects gifts made after 19th March 1968, the words from "which are made" to " circumstances or ". | |
The Finance Act 1940. | In section 46(2) proviso (b). | |
The Finance Act 1946. | Section 47. Schedule 11. | |
The Finance Act 1957. | In section 38(10) the words from " except in " to the end of the subsection. | |
The Finance Act 1960. | Section 64(1). | |
This Part of this Schedule has effect in the case of a death after 19th March, 1968. |
PART VExchange Control Repeals
Chapter | Short Title | Extent of Repeal |
---|---|---|
The Exchange Control Act 1947. | In section 30, in subsection (1)(v), and in subsection (3), the words "Treasury bills or ". | |
In section 40 the words " Treasury bills ". | ||
The Emergency Laws (Re-enactments and Repeals) Act 1964. | In section 2(3), in paragraph (a) of the definition of " security " the words " and Treasury bills ". |
PART VIMiscellaneous Repeals
Chapter | Short Title | Extent of Repeal |
---|---|---|
The Income Tax Act 1952. | Section 205(3). | |
Section 397(3). | ||
The Finance Act 1960. | Section 40(1)(c). | |
The Finance Act 1965. | In Schedule 17, paragraph 4(3), the words from " and as regards" to "each of the others " as respects a distribution made after 10th April 1968. | |
The Finance Act 1967. | Section 16(1). | |
The repeal of section 397(3) of the Income Tax Act 1952 has effect for the year 1969-70 and subsequent years of assessment. |