SCHEDULES
SCHEDULE 39 Enactment of Certain Inland Revenue Extra-Statutory Concessions
Part II Chargeable Gains
Retirement Relief
F17
1
Paragraph 14 of Schedule 6 to the Taxation of Chargeable Gains Act 1992 shall be amended as follows.
2
In subparagraph (2), the word “original” shall be inserted before “
qualifying period
”
.
3
The following subparagraphs shall be inserted at the end:
7
In relation to the expression “the original qualifying period”, the questions whether a disposal is a qualifying disposal and whether the period relating to that disposal is a qualifying period shall be determined without regard to the requirement that the length of the period be at least one year.
8
This paragraph shall not apply if the extended qualifying period resulting from the operation of subparagraphs (1) to (7) would be a period of less than one year.
4
The amendments made by this paragraph shall have effect in relation to disposals made on or after 6th April 1996.