Part II U.K. INCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX

CHAPTER II U.K. CAPITAL GAINS

Commencement Information

I1 Chapter II partly in force at 1.12.1988 due to retrospective effect of ss. 95 & 96

Private residence U.K.

93 Meaning of permitted area. U.K.

(1) In section 101 of the Capital Gains Tax Act 1979 (relief on disposal of private residence) in subsections (2) and (3) for the words “one acre there shall be substituted the words “ 0.5 of a hectare ”.

(2) This section shall apply in relation to disposals on or after 19th March 1991.