Capital Gains Tax Act 1979

Section 157(2).

SCHEDULE 7 Consequential Amendments

Taxes Management Act 1970 (c. 9)

1 (1) The Taxes Management Act 1970 shall be amended as follows.

(2) In section 12(2) for paragraph (a) substitute—

“(a) any assets exempted by the following provisions of the Capital Gains Tax Act 1979, namely—

(i) section 19(4) (rights to winnings from pool betting, lotteries or games with prizes),

(ii) section 71 (government non-marketable securities),

(iii) section 130, 131 or 133 (passenger vehicles, decorations for valour or gallant conduct and foreign currency for personal expenditure)”.

(3) In section 28(1) for “section 41 ” (in both places) substitute “section 15 ”, for “section 42 ” (in both places) substitute “section 17 ” and for “Finance Act 1965 ” substitute “Capital Gains Tax Act 1979 ”.

Income and Corporation Taxes Act 1970 (c. 10)

2 (1) The Taxes Act shall be amended as follows.

(2) In section 270(3) for the words from “disposal” to the end of the subsection substitute—

“disposal, and the asset consists of specified securities, the company acquiring the asset shall be treated for the purposes of sections 67 to 70 of the Capital Gains Tax Act 1979 as acquiring it at the time when the other acquired it.”

(3) At the end of section 270 (in place of the subsection (6) inserted by paragraph 12 of Schedule 10 to the Finance Act 1971) insert—

“(6) In this section “specified securities ” means securities which are gilt-edged securities as denned by Schedule 2 to the Capital Gains Tax Act 1979.”

(4) In section 279(1)(a) after “1965 ” insert “but before 20th April 1977 ”.

Finance Act 1974 (c. 30)

3 For paragraph 18(6) of Schedule 3 to the Finance Act 1974 substitute—

“(6) The following provisions of the Capital Gains Tax Act 1979 shall, with any necessary modifications, apply for the purposes of this paragraph as they apply for the purposes of section 115 of that Act, namely—

(a) subsections (3) to (8)'of the said section 115,

(b) section 119,

(c) section 121.”

4 For paragraph 19 of Schedule 3 to the Finance Act 1974 substitute—

“19 (1) Paragraph 18 above shall have effect subject to the provisions of this paragraph, in which—

(a) the “tax reduction ” means the reduction in the income tax or corporation tax to which the person carrying on the trade is chargeable which is made under sub-paragraph (3) of the said paragraph 18 in connection with a disposal of an asset (called " asset No. 1 ");

(b) the “expenditure reduction ” means the related amount by which under sub-paragraph (4) of that paragraph, and apart from the provisions of this paragraph, the expenditure allowable in respect of another asset (called " asset No. 2 ") is reduced ;

(c) any reference to an expenditure reduction of any amount being carried forward to any asset is a reference to a reduction of that amount in expenditure allowable in respect of that asset.

(2) If asset No. 2 is a depreciating asset, the expenditure reduction shall not be carried forward, but—

(a) when the claimant disposes of asset No. 2, or

(b) when he ceases to use asset No. 2 for the purposes of a trade carried on by him, or

(c) on the expiration of a period of ten years beginning with the acquisition of asset No. 2,

whichever event comes first, an amount equal to the tax reduction may be assessed to tax and recovered accordingly.

Any assessment to income tax or corporation tax under this paragraph shall be made under Case VI of Schedule D.

(3) If, in the circumstances specified in sub-paragraph (4) below, the claimant acquires an asset (called " asset No. 3 ") which is not a depreciating asset, and so claims under paragraph 18 above—

(a) the expenditure reduction shall be carried forward to asset No. 3, and

(b) the claim which applies to asset No. 2 shall be treated as withdrawn (so that sub-paragraph (2) above does not apply).

(4) The circumstances are that asset No. 3 is acquired not later than the occurrence of whichever of the events mentioned in sub-paragraph (2) above comes first and, assuming—

(a) that the consideration for asset No. 1 was applied in acquiring asset No. 3, and

(b) that the time between the disposal of asset No. 1 and the acquisition of asset No. 3 was within the time limited by section 115(3) of the Capital Gains Tax Act 1979 as applied by paragraph 18(6) above,

the whole amount of the expenditure reduction could be carried forward from asset No. 1 to asset No. 3 ; and the claim under sub-paragraph (3) above shall be accepted as if those assumptions were true.

(5) For the purposes of this paragraph an asset is a depreciating asset at any time if—

(a) at that time it is a wasting asset as defined in section 37(1) of the Capital Gains Tax Act 1979, or

(b) within the period of ten years beginning at that time it will become a wasting asset (so defined).

(6) This paragraph shall be construed as one with paragraph 18 above.”

Finance (No. 2) Act 1975 (c 45)

5 For paragraph 2(2) of Schedule 8 to the Finance (No. 2) Act 1975 substitute—

“(2) Section 150(3) of the Capital Gains Tax Act 1979 (market value of shares or securities listed in The Stock Exchange Daily Official List) shall apply for the purposes of this paragraph as it applies for the purposes of that Act.”

Development Land Tax Act 1976 (c. 24)

6 (1) Paragraph 5 of Schedule 6 to the Development Land Tax Act 1976 shall be amended as follows.

(2) In sub-paragraph (1)(a)—

(a) for “section 33 of the Finance Act 1965 ” substitute “sections 115 to 121 of the Capital Gains Tax Act 1979 ” , and

(b) for “applies ” substitute “apply ”.

(3) In sub-paragraph (2) for “section 33 of the Finance Act 1965 ” substitute “sections 115 to 121 of the Capital Gains Tax Act 1979 ”.

(4) In sub-paragraph (4)—

(a) for “section 33 of the Finance Act 1965 has effect subject to the provisions of paragraph 16 of Schedule 19 to the Finance Act 1969 ” substitute “sections 115 and 116 of the Capital Gains Tax Act 1979 have effect subject to the provisions of section 117 of that Act ” , and

(b) for “sub-paragraph (2) of that paragraph accrues in accordance with that sub-paragraph ” substitute “subsection (2) of of the said section 117 accrues in accordance with that subsection ”.

(5) In sub-paragraph (4)(a) for “that sub-paragraph” substitute “subsection (2) of the said section 117 ”.

(6) In sub-paragraph (4)(b) for “sub-paragraph (3) of that paragraph ” substitute “subsection (3) of the said section 117 ”.

(7) In sub-paragraph (6)—

(a) for “section 33 of the Finance Act 1965 ” substitute “sections 115 to 121 of the Capital Gains Tax Act 1979 ” , and

(b) for “paragraph 16 of Schedule 19 to the Finance Act 1969 ” substitute “section 117 of that Act ”.

Finance Act 1976 (c.40)

7 For section 54(5) of the Finance Act 1976 substitute—

“(5) Subsection (6) of section 84 of the Capital Gains Tax Act 1979 (gilt-edged securities not issued until after the date when shares are compulsorily acquired) shall apply in relation to this section as it applies in relation to that section, and in this section—

• “gilt-edged securities ” has the meaning given by Schedule 2 to that Act;

• “shares ” includes securities within the meaning of section 82 of that Act.”

Translation of references to Part III of Finance Act 1965

8 In the enactments specified in the Table below substitute “the Capital Gains Tax Act 1979 ” (or “The Capital Gains Tax Act 1979 ” if at the beginning of a sentence)—

(a) in the contexts in Part I of the Table, for “Part III of the Finance Act 1965 ”,

(b) in the contexts in Part II of the Table, for “Part III of the Finance Act 1965 ”, together with the words “(chargeable gains)” or “(capital gains)” or “(capital gains tax)” or “(tax on chargeable gains) ” as the case may be.

TABLE

PART I

1.	In the Taxes Management Act 1970 (c.9)
	section 11(1)(b)
	section 47(1)
	section 57(1)(a)
	section 111(1)
	section 118(1), in the definitions of “chargeable gain” and of “the Taxes Acts ”
	section 119(4).
2.	In the Income and Corporation Taxes Act 1970 (c.10)
	section 265(4)
	section 268(2)
	section 268A(2)
	section 273(1)
	section 278(3)
	section 279(2)
	section 352(7)
	section 526(5), in the definition of “chargeable gain ”
	section 540(2).
3.	In the Finance Act 1970 (c.24)
	section 29(1)(b)
	Schedule 6 paragraph 9.
4.	In the Finance Act 1972 (c.41)
	Schedule 12, Part VII, in the definition of “market value ” in paragraph 6.
5.	In the Finance Act 1973 (c.51)
	section 38(3)
	section 59(3)(c).
6.	In the Finance Act 1974 (c.30)
	section 40(3)(a)
	section 45(1)
	section 57(3)(c)
	Schedule 3 paragraph 18(4)
	Schedule 9 paragraph 2(3)
	Schedule 9 paragraph 17.
7.	In the Finance Act 1975 (c.7)
	section 51(4)
	Schedule 10 paragraph 4(1).
8.	In the Development Land Tax Act 1976 (c.24)
	section 47(1), in the definition of “chargeable gain ”.
9.	In the Finance Act 1976 (c.40)
	section 67(11)(d)
	section 132(3)(c).
10.	In the Finance Act 1977 (c.36)
	section 42(1) (see also entry above for section 268A(2) of the Taxes Act)
	section 45(3).

PART II REFERENCES TO PART III OF FINANCE ACT 1965 FOLLOWED BY DESCRIPTIVE WORDS

1.	Section 74(2) of the Post Office Act 1969 (c.48).
2.	Section 27(1) of the Taxes Management Act 1970 (c.9).
3.	In the Income and Corporation Taxes Act 1970 (c. 10)
	section 321(1)(a)
	section 525(2).
4.	In the Finance Act 1970 (c.24)
	Schedule 3 paragraph 8(1)
	Schedule 6 paragraph 3(2)(b).
5.	Paragraph 15 of Schedule 9 to the Finance Act 1974 (c.30).
6.	In the Development Land Tax Act 1976 (c.24)
	section 5(6)(b
	section 12(5)(c
	Schedule 8 paragraph 57(1)(b).

Translation of references to enactments repealed and re-enacted

9 In the enactments specified in column 1 of the following Table for the words in column 2 substitute the words in column 3, adding, except as otherwise indicated, “of the Capital Gains Tax Act 1979 ” (but in all cases saying “to” instead of “of” if the substituted words refer to a Schedule rather than a section).

TABLE

Enactment amended	Words to be replaced	Corresponding provision of this Act
Taxes Management Act 1970 (c. 9)
In the Taxes Management Act 1970
section
12(2)(b)	section 30(6).	section 128(6) (without adding more words).
25(9)	subsections (1) and (8) of section 45 of the Finance Act 1965.	sections 64, 93 and 155(1).
28(2)	section 45(1) of the Finance Act 1965.	section 51.
	subsections (1) and (8) of that section.	sections 64, 93 and 155(1) of that Act (without adding more words).
Income and Corporation Taxes Act 1970 (c. 10)
In the Income and Corporation Taxes Act 1970
section
186(12)(a)	paragraph 4(1)(a) of Schedule 6 to the Finance Act 1965.	section 32(1)(a).
246(2)(b)	Part III of the Finance Act 1965.	section 12.
265(3)(a)	paragraph 5(2) of Schedule 6 to the Finance Act 1965.	section 33(2).
266(5)	paragraph 3 of Schedule 7 to the Finance Act 1965.	section 72(5)(b).
267(1)	Part II of Schedule 6 to the Finance Act 1965.	Schedule 5.
267(3)	subsection (1) or subsection (2) of section 38 of the Finance Act 1965.	section 96 or 97.
267(3A)	Subsections (4) to (7) of section 40 of the Finance Act 1977.	Subsections (2) to (5) of section 88.
	subsection (3)(b).	subsection (1) (without adding more words), section 32.
269(1)(a)	paragraph 4 of Schedule 6 to the Finance Act 1965.	section 32.
269(1)	paragraph 4.	section 32 (without adding more words).
270(4)(a)	section 41 of the Finance Act 1969.	section 67.
270(5)(b)	section 41 of the Finance Act 1969.	section 67.
273(2)	Schedule 7 to the Finance Act 1965.	section 72.
	paragraph 3 of that Schedule.	that section (without adding more words).
274(1) and (2)	paragraph 1 of Schedule 7 to the Finance Act 1965.	section 122.
275(1)	paragraph 6 of Schedule 6 to the Finance Act 1965.	section 34.
275(2)	Part II of Schedule 6 to the Finance Act 1965.	Schedule 5.
276(1)	section 33 of the Finance Act 1965.	sections 115 to 121.
276(2)	Paragraph 16(2) of Schedule 19 to the Finance Act 1969.	Section 117(2).
	paragraph 16(2).	section 117(2) (without adding more words).
278(4)(b)	section 33 of the Finance Act 1965.	sections 115 to 121.
279(6)	paragraph 6 or paragraph 7 of Schedule 7 to the Finance Act 1965.	section 85 or section 86.
279(7)	paragraph 7 of the said Schedule 7.	section 86.
280(8)	section 23(4) of the Finance Act 1965.	section 22(2).
305(2)	paragraph 2(1) of Schedule 6 to the Finance Act 1965.	section 31(1).
352(7)	Part II of Schedule 6.	Schedule 5 (without adding more words).
359(4)	subsections (1) and (8) of section 45 of the Finance Act 1965.	sections 64, 93 and 155(1).
360(2)	section 35 of the Finance Act 1965.	section 145.
474(2)	Part III of the Finance Act 1965.	section 72(5)(b).
488(9)	section 29 of the Finance Act 1965.	sections 101 to 105.
	paragraph 2 of Schedule 12 to the Finance Act 1968.	section 103(3) of that Act (without adding more words).
489(11)	paragraph 1 of Schedule 7 to the Finance Act 1965.	section 122.
489(12)	paragraphs 2 and 5 of Schedule 6 to the Finance Act 1965.	sections 31 and 33.
Finance Act 1970 (c. 24)
In the Finance Act 1970
Schedule 3 paragraph 8(1)	Part II of Schedule 6.	Schedule 5 (without adding more words).
Finance Act 1972 (c. 41)
In the Finance Act 1972
section 79(9)	paragraph 4(1)(a) of Schedule 6 to the Finance Act 1965.	section 32(1)(a).
Schedule 12 Part VII paragraph 6 in the definition of “market value ”.	section 44.	section 150 (without adding more words).
Finance Act 1973 (c. 51)
In the Finance Act 1973
Schedule 16
paragraph 5	paragraph 2 or 5 of Schedule 6 to the Finance Act 1965.	section 31 or 33.
paragraph 7	specified securities within the meaning of section 41 of the Finance Act 1969.	gilt-edged securities as defined in Schedule :
Finance Act 1974 (c. 30)
In the Finance Act 1974
section
26(2)(a)	section 20(3) of the Finance Act 1965.	section 3.
30(1)	paragraph 5 of Schedule 7 to the Finance Act 1965.	section 82.
38(3)(a)	paragraph 4(1)(a) and (6) of Schedule 6 to the Finance Act 1965.	section 32(1)(a) and (b).
39(4)(a)	section 45(7)(b) of the Finance Act 1965.	section 60(6).
41(6)	section 45(8) of the Finance Act 1965.	section 93.
41(13)	paragraph 3 of Schedule 7 to the Finance Act 1965.	section 72.
42(4)(a)	paragraph 13(1) of Schedule 7 to the Finance Act 1965.	section 58(1).
42(4) (after paragraphs (a) and (b)).	paragraph 13(1) (twice).	section 58(1) (without adding more words).
42(5)	paragraph 13(2) of Schedule 7 to the Finance Act 1965.	section 58(2).
42(5)(a)	section 25(3) of the Finance Act 1965.	section 54(1).
42(5)(b)	section 42 of the Finance Act 1965.	section 17.
42(6)	section 42 (three times).	section 17 (without adding more words).
42(7)	Schedule 6 to the Finance Act 1965.	Chapter II of Part II.
	paragraph 4(1)(a) of that Schedule.	section 32(1)(a).
43(2)	section 38(2) of the Finance Act 1965.	section 97.
44(1) (definition of“securities ”)	paragraph 5 of Schedule 7 to the Finance Act 1965.	section 82.
44(1) (definition of “shares ”)	section 45(1) of the Finance Act 1965.	section 64(1).
Schedule 3
paragraph 2(3)	paragraph 7(2) of Schedule 6 to the Finance Act 1965.	subsection (2) of section 35.
	paragraph 7(4) of that Schedule.	subsection (4) of that section (without adding more words).
	that Schedule.	Chapter II of Part II of that Act (without adding more words).
paragraph 2(4)	paragraph 4(1 )(a) and (b) of the said Schedule 6.	section 32(1)(a) and (b).
	that Schedule.	Chapter II of Part II of that Act (without adding more words).
paragraph 2(7)	paragraph 4(1)(a) and (b) of Schedule 6 to the Finance Act 1965.	section 32(1 )(a) and (b).
	Schedule 8.	Schedule 3 (without adding more words).
paragraph 3	subsection (3) of section 22 of the Finance Act 1965.	subsection (1) of section 20.
paragraph 5(2)	paragraph 4(1)(a) and (b) of Schedule 6 to the Finance Act 1965.	section 32(1)(a) and (b).
	Schedule 8.	Schedule 3 (without adding more words).
	the said Schedule 6.	Chapter II of Part II of that Act (without adding more words).
paragraph 11(5)(b)	paragraph 4(1)(b) of Schedule 6 to the Finance Act 1965.	section 32(1)(b).
paragraph 12(1)	Schedule 8 to the Finance Act 1965.	Schedule 3.
	paragraph 4(1)(b) of Schedule 6 to the Finance Act 1965.	section 32(1)(b) of that Act (without adding more words).
Cross-heading before paragraph 15.	paragraph 23(4) of Schedule 6 to the Finance Act 1965.	paragraph 9(4) of Schedule 5.
paragraph 15	paragraph 23 of Schedule 6 to the Finance Act 1965.	paragraph 9 of Schedule 5.
	Part II of that Schedule.	the said Schedule 5 (without adding more words).
paragraph 16(1)	section 33 of the Finance Act 1965.	sections 115 to 121 (changing “applies” to “apply ”).
	the said section 33.	those sections (without adding more words).
paragraph 17	subsection (1)(b) or (2)(b) of section 33 of the Finance Act 1965.	section 115(1)(b) or 116(1)(b).
	Part III of that Act.	that Act (without adding more words).
	subsection (1)(b) or (2)(b).	section 115(1)(b) or 116(1)(b) (without adding more words).
paragraph 18(1)(a)	subsection (6) of section 33 of the Finance Act 1965.	section 118 (with section 119).
paragraph 18(7)	Part III of the Finance Act 1965 providing generally for apportionments.	section 43(4).
paragraph 18(8)	section 33(6) of the Finance Act 1965.	section 118.
	paragraph (b).	paragraph 2 (without adding more words).
	paragraph (a).	paragraph 1 (without adding more words).
paragraph 20(1)	paragraph 6 of Schedule 7 to the Finance Act 1965.	section 85.
	paragraph 6.	section 85 (without adding more words).
paragraph 20(2)	paragraph 6.	section 85 (without adding more words).
paragraph 21	subsection (3) of section 29 of the Finance Act 1965.	subsection (2) of section 102.
paragraph 22(1)	section 34 of the Finance Act 1965.	section 124.
paragraph 22(2)	section 34.	section 124 (without adding more words).
paragraph 22(3)	subsection (1) of the said section 34.	the said section 124 (without adding more words).
	subsection (2) or (3).	subsection (4) or (5) (without adding more words).
paragraph 22(5)	Subsection (5) of the said section 34.	Subsection (7) of the said section 124 (without adding more words).
	subsection (2) or (3).	subsection (4) or (5) (without adding more words).
paragraph 22(6)	section 34.	section 124 (without adding more words).
	subsection (4).	subsection (6) (without adding more words)
the said subsection (1).	that section (without adding more words).
paragraph 22(7)	section 34.	section 124 (without adding more words).
paragraph 23	paragraph 2(1) of Schedule 6 to the Finance Act 1965.	section 31(1).
Schedule 6
paragraph 2	section 20(2) of the Finance Act 1965.	section 12.
Cross-heading before paragraph 6.	paragraph 23(4) of Schedule 6 to the Finance Act 1965.	paragraph 9(4) of Schedule 5.
paragraph 6	paragraph 23 of Schedule 6 to the Finance Act 1965.	paragraph 9 of Schedule 5.
	Part II of that Schedule.	the said Schedule 5 (without adding more words).
paragraph 7	subsection (3) of section 29 of the Finance Act 1965.	section 102(2).
paragraph 9(1)	paragraph 2(1) of Schedule 6 to the Finance Act 1965.	section 31(1).
Schedule 8
paragraph 1	Subsections (1) and (2) of section 20 of the Finance Act 1965.	Sections 2 and 12.
paragraph 2	Section 41 of the Finance Act 1965.	Section 15.
paragraph 3	Section 42 of the Finance Act 1965.	Section 17.
	section 20(4) of this Act.	section 4(1) above (without adding more words).
paragraph 4	section 33 of the Finance Act 1965.	sections 115 to 121 (substituting “apply ” for “applies ”).
	that section.	those sections (without adding more words),
	the said section 33 in its application.	those sections in their application (without adding more words).
paragraph 5	Schedule 6 to the Finance Act 1965.	Chapter II of Part II.
	paragraph 4(1)(b) of the said Schedule 6.	section 32(1)(b) of that Act (without adding more words).
paragraph 7(1)	paragraph 15 of Schedule 19 to the Finance Act 1969.	section 123.
	said paragraph 15.	said section 123 (without adding more words).
paragraph 7(2)(b)(ii)	sub-paragraph (4) of the said paragraph 15.	subsection (4) of the said section 123 (without adding more words).
	that sub-paragraph.	that subsection (without adding more words).
paragraph 7(5)	Schedule 6 to the Finance Act 1965.	Chapter II of Part II.
paragraph 7(6)	paragraph 4(1)(a) and (b) of the said Schedule 6.	section 32(1)(a) and (b).
	that Schedule.	Chapter II of Part II of that Act (without adding more words).
Schedule 9
paragraph 14(4)	Schedule 6 to the Finance Act 1965.	Chapter II of Part II.
paragraph 14(5)	paragraph 4(1)(a) and (b) of the said Schedule 6.	section 32(1)(a) and (b).
	that Schedule.	Chapter II of Part II of that Act (without adding more words).
paragraph 14(6)	Paragraph 14 of Schedule 6 to the Finance Act 1965.	Section 40.
paragraph 15	paragraph 2 of Schedule 6 to that Act.	section 31 of that Act (without adding more words).
	that Schedule.	Chapter II of Part II of that Act (without adding more words).
paragraph 16(1)	Schedule 8 to the Finance Act 1965.	Schedule 3.
paragraph 16(2)	Schedule 6 to the Finance Act 1965.	Chapter II of Part II.
	paragraph 4(1) of that Schedule.	section 32(1) of that Act (without adding more words).
	paragraph 7 of that Schedule.	section 35 of that Act (without adding more words).
	that Schedule.	the said Chapter II (without adding more words).
paragraph 16(4)	Schedule 8 to the Finance Act 1965.	Schedule 3.
paragraph 18	Schedule 8 to the Finance Act 1965.	Schedule 3.
	paragraph 4(1)(b) of Schedule 6 to the Finance Act 1965.	section 32(1)(b) of that Act (without adding more words).
Schedule 10
paragraph 1(a)	section 25(9) of, and paragraph 19 of Schedule 7 to, the Finance Act 1965.	sections 52(4) and 59.
paragraph 2	paragraph 14 of Schedule 6 to the Finance Act 1965 and paragraph 4 of Schedule 10 to that Act and section 57 of the Finance (No. 2) Act 1975.	sections 8 and 40.
paragraph 5(2)(a)	sections 41 and 42 of the Finance Act 1965.	sections 15 and 17.
Finance Act 1975 (c. 7)
In the Finance Act 1975
section 51(4)	paragraph 21 of Schedule 7 to. that paragraph.	section 63 of (without adding more words), that section (without adding more words).
Schedule 10
paragraph 4(1)(b)	paragraph 19 of Schedule 7 to.	section 59 of (without adding more words).
paragraph 27(1)	paragraph 4 of Schedule 7 to the Finance Act	section 78.
paragraph 27(1)(a)	that paragraph, or reduction of the share capital of a company.	section 77(1) of that Act (without adding more words).
paragraph 27(1)(b)	paragraph 5 of that Schedule.	section 82 of that Act (without adding more words).
paragraph 27(1)(c)	paragraph 6 of that Schedule.	section 85 of that Act (without adding more words).
paragraph 27(1)(d)	paragraph 7 of that Schedule.	section 86 of that Act (without adding more words)
paragraph 27(1) (at end)	paragraph 4 of that Schedule applies by virtue of section 45(8) of the Finance Act 1965.	the said section 78 applies by virtue of section 93.
paragraph 27(2)	paragraph 4 of the said Schedule 7.	section 77(1).
paragraph 29(1)	section 26 of the Finance Act 1965.	section 153.
paragraph 34(2)	Schedule 8 to the Finance Act 1965.	Schedule 3.
Finance (No. 2) Act 1975 (c. 45)
In the Finance (No. 2) Act 1975
section
42(10)	section 22(2)(b) of the Finance Act 1965.	section 19(2)(b).
58(8)	paragraph 4 of Schedule 6 to the Finance Act 1965.	section 32.
	sub-paragraph (1)(c) of that paragraph.	subsection (1)(c) of that section (without adding more words),
	sub-paragraph (1)(a) and (b) of that paragraph.	subsection (1)(a) and (b) of that section (without adding more words),
58(9)	sub-paragraph (1) of paragraph 6 of Schedule 10 to the Finance Act 1971.	section 66(1).
	sub-paragraph (2) of that paragraph.	subsection (2) of the said section 66 (without adding more words).
	under sub-paragraph (1).	under subsection (1) (without adding more words).
58(12)	paragraph 5 of Schedule 7 to the Finance Act 1965.	section 82.
	specified securities within the meaning of section 41 of the Finance Act 1969.	gilt-edged securities as defined in Schedule 2 to that Act (without adding more words).
Schedule 8
paragraph 2(3)	section 51 of the Finance Act 1973.	section 152.
Development Land Tax Act 1976 (c. 24)
In the Development Land Tax Act 1976
Schedule 6
paragraph 1(5)(a)	section 34 of the Finance Act 1965.	section 124 or 125.
paragraph 1(5)(b)	section 38(2).	section 97 (without adding more words).
paragraph 2(2)	section 24(1) of the Finance Act 1965.	section 49(1).
paragraph 3(2)	Schedule 8 to the Finance Act 1965.	Schedule 3.
paragraph 3(10)	sub-paragraph (1) or sub-paragraph (4) of paragraph 5 of Schedule 8 to the Finance Act 1965.	paragraph 5(1) or (3) of Schedule 3.
paragraph 4(1)(a)	Schedule 8 to the Finance Act 1965.	Schedule 3.
	Schedule 6 to.	Chapter II of Part II of (without adding more words).
paragraph 4(4)(a)	Schedule 8 to the Finance Act 1965.	Schedule 3.
Schedule 8
paragraph 52(1)(c)	the words from “Part III” to “1969 ”.	the Capital Gains Tax Act 1979, section 123 of that Act (without adding more words).
Finance Act 1976 (c. 40)
In the Finance Act 1976
section
54(3)(a)	section 53(3) above.	section 84(3).
54(3)(b)	section 33 of the Finance Act 1965.	sections 115 to 121.
	that section.	section 118 of that Act (without adding more words).
67(11)(d)	section 44.	section 150 (without adding more words).
67(13)	paragraph 4(1)(a) of Schedule 6 to the Finance Act 1965.	section 32(1)(a).
82(2)	section 31 of the Finance Act 1965.	section 147.
Schedule 10
paragraph 4(5)	paragraphs 4 to 7 of Schedule 7 to the Finance Act 1965.	sections 77 to 86.
Schedule 12
paragraph 4(1)	paragraph 4 of Schedule 7 to the Finance Act 1965.	section 78.
	section 53 of this Act.	section 84 of that Act (without adding more words).
paragraph 4(1)(a)	that paragraph, or reduction of the share capital of a company.	section 77(1) of that Act (without adding more words).
paragraph 4(1)(b)	paragraph 5 of that Schedule.	section 82 of that Act (without adding more words).
paragraph 4(1)(c)	paragraph 6 of that Schedule.	section 85 of that Act (without adding more words).
paragraph 4(1)(d)	paragraph 7 of that Schedule.	section 86 of that Act (without adding more words).
paragraph 4(1) (at end)	paragraph 4 of that Schedule applies by virtue of section 45(8) of the Finance Act 1965.	the said section 78 applies by virtue of section 93.
paragraph 4(2)	the said paragraph 4.	section 77(1).
paragraph 7(2)	Schedule 8 to the Finance Act 1965.	Schedule 3.
Schedule 13	(see amendment in this Table of Finance Act 1975 Schedule 10 paragraph 34(2)).	—
Finance Act 1977 (c. 36)
In the Finance Act 1977
section
41(1)	(see amendment in this Table of section 267(3A) of the Income and Corporation Taxes Act 1970).	—
46(2)(a)	paragraph 4, 5, 6 or 7 of Schedule 7 to the Finance Act 1965.	sections 77 to 86.
46(2)(b)	section 53 of the Finance Act 1976.	section 84 of that Act (without adding more words).
46(6)	paragraph 5 of Schedule 7 to the said Act of 1965.	section 82.
	the words from “section 45(8) ” to “Finance Act 1971 ”.	section 86(7), 93 or 139 of that Act (without adding more words).
46(7)	paragraph 6 or 7 of Schedule 7 to the said Act of 1965.	section 85 or 86.
	section 40(2) above.	section 87(1) of that Act (without adding more words).
Finance Act 1978 (c. 42)
In the Finance Act 1978
section
54(2)(a)	paragraph 4 of Schedule 7 to the Finance Act 1965.	section 77(1 )(b).
57(1)	paragraph 4 of Schedule 7 of the Finance Act 1965.	section 77(1)(b).
57(7)	Part III of the Finance Act 1965.	Chapter II of Part IV.
61(1), in the definition of “market value ”.	Part III of the Finance Act 1965 (capital gains tax).	Part VII.
61(3)(b)	paragraph 3 of Schedule 7 to the Finance Act 1965.	section 72(5)(b).
64(5)	(see amendment in this Table of Finance Act 1976 Schedule 10 paragraph 4(5)).	—