Finance Act 2002 (c. 23)

Part 3 U.K. Income tax, corporation tax and capital gains tax

Chapter 2 U.K. Other provisions

Chargeable gains U.K.

46 Taper relief: holding period for business assets U.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.