Part III U.K. Income Tax, Corporation Tax and Capital Gains Tax

Chapter II U.K. Taxation of Chargeable Gains

Abolition of reliefs U.K.

141 Abolition of certain other CGT reliefs. U.K.

(1) The following provisions of the M1 Taxation of Chargeable Gains Act 1992 shall cease to have effect, namely—

(a) Chapter IA of Part V (roll-over relief on re-investment); and

(b) sections 254 and 255 (relief for debts on qualifying corporate bonds).

(2) In subsection (1) above—

(a) paragraph (a) has effect in relation to acquisitions made on or after 6th April 1998; and

(b) paragraph (b) has effect in relation to loans made on or after 17th March 1998.

Marginal Citations

M1 1992 c. 12.