Taxation of Chargeable Gains Act 1992

Finance Act 1988 c. 39

16 (1) The Finance Act 1988 shall have effect subject to the following amendments.

(2) In section 50(4) for “3 to the Capital Gains Tax Act 1979” there shall be substituted “8 to the Taxation of Chargeable Gains Act 1992”.

(3) In section 68(4) for “29A(1) of the Capital Gains Tax Act 1979” there shall be substituted “17(1) of the Taxation of Chargeable Gains Act 1992”.

(4) In section 82(3)—

(a) for “78 to 81 of the Capital Gains Tax Act 1979” there shall be substituted “127 to 130 of the Taxation of Chargeable Gains Act 1992”; and

(b) for “78”, “79(1)” and “79(2)” there shall be substituted respectively “127”, “128(1) and (2)” and “128(3)”.

(5) In section 84 for “32(1)(a) of the Capital Gains Tax Act 1979” there shall be substituted “38(1)(a) of the Taxation of Chargeable Gains Act 1992”.

(6) In section 132(6) for “272 of the Taxes Act 1970” there shall be substituted “170 of the Taxation of Chargeable Gains Act 1992”.

(7) In paragraph 6(2) of Schedule 12 for “72 of the Capital Gains Tax Act 1979” there shall be substituted “122 of the Taxation of Chargeable Gains Act 1992”.