24(1)Section 2 (chargeable gains and allowable losses) is amended as follows.U.K.
(2)For subsections (4) to (6) substitute—
“(4)If chargeable gains are treated by virtue of section 87 or 89(2) as accruing to a person in a tax year (“the relevant deemed gains”)—
(a)subsection (2) has effect as if the relevant deemed gains had not accrued, and
(b)the amount on which the person is charged to capital gains tax for that year is the sum of—
(i)the amount given by subsection (2) as it has effect by virtue of paragraph (a), and
(ii)the amount of the relevant deemed gains.
(5)In subsection (4) the reference to section 87 or 89(2) is to that section read, where appropriate, with section 10A.”
(3)In subsection (7), omit—
(a)in paragraph (b) of the first sentence, sub-paragraph (ii) and the “and” before it,
(b)in paragraph (c) of the first sentence, “(“the equal tapered amounts”)”, and
(c)in the words following paragraph (c) in the first sentence, and in the second sentence (in both places), “equal-tapered”.
(4)Omit subsection (8).