Finance Act 1996 (c. 8)

Part IV U.K. Income Tax, Corporation Tax and Capital Gains Tax

Chapter VI U.K. Miscellaneous provisions

Chargeable gains: reliefs U.K.

[F1 176 Retirement relief: age limits. U.K.

(1) In each of sections 163 and 164 of, and paragraph 5 of Schedule 6 to, the M1 Taxation of Chargeable Gains Act 1992 (retirement relief), for “the age of 55”, wherever occurring, there shall be substituted “ the age of 50 ”.

(2) The amendments made by this section shall apply in relation to disposals on or after 28th November 1995.]

Textual Amendments

F1 S. 176 repealed (31.7.1998 with effect as mentioned in Sch. 27 Pt. III(31), Note) by 1998 c. 36, s. 165, Sch. 27 Pt. III(31)

Marginal Citations

M1 1992 c. 12.