SCHEDULES
SCHEDULE 3Entrepreneurs' relief
PART 2Re-naming the relief
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”
”
.
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.
8
This Part of this Schedule has effect for the tax year 2020-21 and subsequent tax years.