xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
Textual Amendments
(1)(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2
(3)In section 92 of the M1Capital Gains Tax Act 1979, for the words from the beginning of the section to the end of paragraph (a) there shall be substituted—
“(1)Subject to subsection (2) below, in this Act—
(a)“unit trust scheme” has the same meaning as in the Financial Services Act 1986”.
(4)At the end of section 92 of the Capital Gains Tax Act 1979 there shall be added—
“(2)The Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this Act.
(3)Regulations under this section—
(a)may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient, and
(b)shall be made by statutory instrument, which shall be subject to annulment in pursuance of a resolution of the House of Commons.”.
(5)This section, and the repeals effected by section 72 below and Part VI of Schedule 16 to this Act, shall come into force on such day as the Board may by order appoint; and different days may be appointed for different purposes.
(6)An order under subsection (5) above—
(a)may contain such transitional provisions as appear to the Board to be necessary or expedient, and
(b)shall be made by statutory instrument.
Textual Amendments
Modifications etc. (not altering text)
C1Part of the text of s. 40(3)(4) is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991
Marginal Citations
Textual Amendments
Textual Amendments
F4S. 47 repealed by Finance Act 1988 (c. 39), s. 148, Sch. 14 Pt. VII Note 2