29(1)Section 79 of the Taxation of Chargeable Gains Act 1992 is amended as follows.U.K.
(2)In subsection (2) omit paragraph (b) and the word “and” preceding it.
(3)Omit subsection (4).
(4)In subsection (5)—
(a)for “subsections (3) and (4)” substitute “ subsection (3) ”; and
(b)in paragraph (a), omit the words “or income” wherever occurring.