101(1)Section 288 of TCGA 1992 (interpretation) is amended as follows.U.K.
(2)In subsection (1), for the definition of “year of assessment” substitute—
““year of assessment” means tax year;”.
(3)After that subsection insert—
“(1ZA)In this Act and other enactments relating to capital gains tax “tax year” means a year beginning on 6 April and ending on the following 5 April; and “the tax year 2008-09” means the tax year beginning on 6 April 2008 (and any corresponding expression in which two years are similarly mentioned is to be read in the same way).”
102U.K.In consequence of the amendments made by paragraph 101, omit—
(a)the definition of “tax year” in section 41(1) of FA 2005, and
(b)paragraph 342(2)(i) of Schedule 1 to ITA 2007.