123 Increase of chattel exemption.U.K.
(1)In the following enactments, namely—
(a)section 128 of the M1Capital Gains Tax Act 1979 (chattelexemption by reference to consideration of £3,000),
(b)section 12(2)(b) of the M2Taxes Management Act 1970(information about assets acquired), and
(c)section 25(7) of that Act (information about assets disposed of),
for “£3,000”, in each place where it occurs, there shall besubstituted “£6,000”.
(2)This section applies to disposals on or after 6th April 1989 andaccordingly, in relation to subsection (1)(b) above, to assets acquired on orafter that date.