16(1)The Finance Act 1988 shall have effect subject to the following amendments.U.K.
(2)In section 50(4) for “3 to the Capital Gains Tax Act 1979” there shall be substituted “ 8 to the Taxation of Chargeable Gains Act 1992 ”.
(3)In section 68(4) for “29A(1) of the Capital Gains Tax Act 1979” there shall be substituted “ 17(1) of the Taxation of Chargeable Gains Act 1992 ”.
(4)In section 82(3)—
(a)for “78 to 81 of the Capital Gains Tax Act 1979” there shall be substituted “ 127 to 130 of the Taxation of Chargeable Gains Act 1992 ”; and
(b)for “78”, “79(1)” and “79(2)” there shall be substituted respectively “ 127 ”, “ 128(1) and (2) ”and “ 128(3) ”.
(5)In section 84 for “32(1)(a) of the Capital Gains Tax Act 1979” there shall be substituted “ 38(1)(a) of the Taxation of Chargeable Gains Act 1992 ”.
(6)In section 132(6) for “272 of the Taxes Act 1970” there shall be substituted “ 170 of the Taxation of Chargeable Gains Act 1992 ”.
(7)In paragraph 6(2) of Schedule 12 for “72 of the Capital Gains Tax Act 1979” there shall be substituted “ 122 of the Taxation of Chargeable Gains Act 1992 ”.