F1(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)In section 32A(5) of the M1Capital Gains Tax Act 1979 (expenditure: amounts to be included as consideration)—
(a)for the words “section 185(6)” there shall be substituted the words “ the applicable provision ”, and
(b)at the end there shall be inserted “; and in this subsection “the applicable provision” means—
(a)subsection (6) of section 185 of the Taxes Act (as that subsection had effect before the coming into force of section 39(5) of the M2Finance Act 1991), or
(b)subsection (6A) of that section.”
(4)The M3amendments made by subsection (3) above shall be deemed to have come into force on 1st January 1992 (but shall have effect subject to the repeals made by the Taxation of Chargeable Gains Act 1992).
Textual Amendments
F1S. 105(1)(2) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 723, Sch. 8 Pt. 1 (with Sch. 7)
Commencement Information
I1S. 105 in force at Royal Assent. the amendments made by s. 105(1) are deemed always to have had effect, see s. 105(2); the amendments made by S. 105(3) are deemed to have come into force on 1.1.1992, see s. 105(4)
Marginal Citations