46 Taper relief: holding period for business assetsU.K.
(1)In the table in section 2A(5) of the Taxation of Chargeable Gains Act 1992 (calculation of taper relief), for the first two columns (under the heading “Gains on disposals of business assets”) substitute—
| Number of whole years in qualifying holding period | Percentage of gain chargeable |
|---|---|
| 1 | 50 |
| 2 or more | 25 |
(2)This section applies to disposals on or after 6th April 2002.