SCHEDULES

SCHEDULE 10Consequential amendments

Finance Act 1990 c. 29

22

1

The Finance Act 1990 shall have effect subject to the following amendments.

2

In section 116(5) for “150(1) to (3) and 152 of the Capital Gains Tax Act 1979” there shall be substituted “ 272(1) to (4) and 273 of the Taxation of Chargeable Gains Act 1992 ”.

3

In section 120 for “27 of the Capital Gains Tax Act 1979” there shall be substituted “ 28 of the Taxation of Chargeable Gains Act 1992 ”.

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5

In Schedule 12—

a

in paragraph 2—

i

for “the Capital Gains Tax Act 1979 (“the 1979 Act”)” there shall be substituted “ the Taxation of Chargeable Gains Act 1992 (“the 1992 Act”) ”;

ii

for “5” there shall be substituted “ 2 ”; and

iii

for “134 of the 1979” there shall be substituted “ 251 of the 1992 ”;

b

in paragraphs 4, 5 and 6 for “1979” there shall be substituted “ 1992 ”;

c

in paragraph 7 for “115 to 119 of the 1979” there shall be substituted “ 152 to 156 of the 1992 ”; and

d

in paragraph 10 for the definition of “the 1979 Act” there shall be substituted— “the 1992 Act” means the Taxation of Chargeable Gains Act 1992. ”