SCHEDULES
SCHEDULE 28Capital gains tax: reporting limits and annual exempt amount
Part 2Annual exempt amount
5
(1)
Paragraph 2 of that Schedule is amended as follows.
(2)
In sub-paragraph (1) for “section 3(1) to (6)” substitute “
sections 3(1) to (5C) and 3A
”
.
(3)
In sub-paragraph (2)—
(a)
for “subsections (1) and (5)” substitute “
section 3(1), (5A), (5B) and (5C)
”
;
(b)
after “section 3(1), (5A), (5B) and (5C)” insert “
and section 3A(1)(a)
”
.
(4)
After sub-paragraph (2) insert—
“(2A)
As they apply by virtue of sub-paragraph (1) above—
(a)
section 3(5A) has effect with the omission of paragraph (b), and
(b)
section 3(5B) has effect with the omission of the words “or (b)”.”.
(5)
Omit sub-paragraph (3).
F1(6)
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