PART VCapital Transfer Tax
95Interest-free instalments of tax
(1)
Paragraph 16(5) of Schedule 4 to the M1Finance Act 1975 (which imposes a limit of £250,000 on the value by reference to which tax may be paid by interest-free instalments) shall cease to have effect.
(2)
This section has effect in relation to chargeable transfers made on or after 10th March 1981.