SCHEDULES

[F1 SCHEDULE 9 U.K. SUPPLEMENTARY PROVISIONS ABOUT DEEMED DISPOSALS UNDER SECTION 45

Textual Amendments

F1 Sch. 9 repealed by Finance Act 1985 (c. 54, SIF 63:1), s. 98(6)and Sch. 27 Part Xin relation to disposals of interests in land taking place on or after 19March Finance Act 1985 (c. 54, SIF 63:1),but without affecting the construction of 1979 (C) Sch.5 para. 9(5).

Consideration for deemed disposal to be disregarded in certain circumstances in computing capital gain U.K.

15 U.K.Where an interest in land is under subsection (1) of the principal section or sub-paragraph (3) of paragraph 2 of this Schedule deemed to have been disposed of, the consideration for which the disposal is deemed to have been made shall for the purposes of [the Capital Gains Tax Act 1979 F2 ] be disregarded if, had it been actually paid, it would under [section 31 of that ActF2 ] fall to be excluded from the consideration for the disposal taken into account in the computation under [Chapter II of Part II of that ActF2 ] of the gain accruing on the disposal.]

Textual Amendments

F2 Capital Gains Tax Act 1979 (c. 14, SIF 63:1), s. 157(2)and Sch. 7 paras. 8and 9for 1979-80et seq.