xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
7(1)In section 169H(1) of TCGA 1992 (relief under Chapter 3 of Part 5: introduction), for “to be known as “entrepreneurs' relief”” substitute “ to be known as “business asset disposal relief” ”.U.K.
(2)In consequence of that amendment—
(a)in the rest of TCGA 1992, for “entrepreneurs' relief”, wherever occurring, substitute “ business asset disposal relief ”;
(b)in section 169V of TCGA 1992 (operation of deferred entrepreneurs' relief), for “ER purposes”, wherever occurring, substitute “ relevant purposes ”.
(3)Nothing in this paragraph affects the operation of Chapter 3 of Part 5 of TCGA 1992.
8U.K.This Part of this Schedule has effect for the tax year 2020-21 and subsequent tax years.