3(1)Section 241 of the Taxation of Chargeable Gains Act 1992 (furnished holiday lettings) is amended as follows.
(2)In subsection (3) (commercial letting of furnished holiday accommodation to be treated as trade for certain purposes), for the opening words substitute—
“Subject to subsections (4) to (8) below, for the purposes of the provisions mentioned in subsection (3A) below—”.
(3)After that subsection insert—
“(3A)The provisions referred to in subsection (3) above are—
sections 152 to 157 (roll-over relief on replacement of business asset),
section 165 (gifts relief),
Section 253 (relief for loans to traders),
Schedule A1 (taper relief),
Schedule 6 (retirement relief etc), and
Schedule 7AC (exemptions for disposals by companies with substantial shareholding).”.
(4)In subsection (4) for “sections mentioned in subsection (3)" substitute “ provisions mentioned in subsection (3A) ”.