Finance Act 1994 (c. 9)

SCHEDULES

SCHEDULE 12 U.K. Indexation losses: transitional relief

Supplementary U.K.

8 (1) In this Schedule— U.K.

• “the 1992 Act” means the M1 Taxation of Chargeable Gains Act 1992, and

• “the old indexation rules” means the 1992 Act as it would have effect if—

  (a)

  the amendments made by subsections (1) to (5) of section 93 of this Act, and

  (b)

  the repeal of section 103 (collective investment schemes, etc.) and section 111 (building societies) of the 1992 Act by subsection (7) of section 93 of this Act,

  had not come into force.

(2) Other expressions not defined in this Schedule but used both in it and in the 1992 Act have the same meaning as in that Act.

(3) References in this Schedule to the reduction of any amount include its reduction to nil.

Marginal Citations

M1 1992 c. 12.