The Capital Gains Tax Act 1979U.K.
9In subsections (1)(b) and (3)(a) of section 146 of the M1Capital Gains Tax Act 1979 for the words “paragraph 12 of Schedule 6 to the Finance Act 1975” there shall be substituted the words “Schedule 3 to the Capital Transfer Tax Act 1984”.
10(1)Section 147 of the Capital Gains Tax Act 1979 shall be amended as follows.
(2)In subsection (1) for the words “sub-paragraph (2) of paragraph 13 of Schedule 6 to the Finance Act 1975” there shall be substituted the words “subsection (2) of section 26 of the Capital Transfer Tax Act 1984” and for the words “sub-paragraph (1) of that paragraph” there shall be substituted the words “subsection (1) of that section”.
(3)In subsection (2)—
(a)in paragraph (a) for the words “paragraph 12 of the said Schedule 6” there shall be substituted the words “Schedule 3 to the Capital Transfer Tax Act 1984”; and
(b)in paragraph (b) for the words “paragraph 17 of Schedule 4 to the said Act of 1975” there shall be substituted the words “section 230 of the Capital Transfer Tax Act 1984”.
(4)In subsection (3) for the words “section 77 of the Finance Act 1976” there shall be substituted the words “section 31 of the Capital Transfer Tax Act 1984” and for the words “the said section 77” there shall be substituted the words “the said section 31”.
(5)In subsection (5) for the words “section 78 of the Finance Act 1976” there shall be substituted the words “section 32 of the Capital Transfer Tax Act 1984”.
(6)In subsection (7)—
(a)for the words “section 77(1)(c), (d) or (e) of the Finance Act 1976” there shall be substituted the words “section 31(1)(c), (d) or (e) of the Capital Transfer Tax Act 1984;
(b)for the words “the said section 77(1)(c)” there shall be substituted the words “the said section 31(1)(c)”; and
(c)for the words “the said section 77(1)(d) or (e)” there shall be substituted the words “the said section 31(1)(d) or (e)”.
(7)In subsection (9) after the word “under” there shall be inserted the words “Chapter II of Part II or section 78 of, or Schedule 5 to, the Capital Transfer Tax Act 1984.”.
11(1)Section 149 of the Capital Gains Tax Act 1979 shall be amended as follows.
(2)In subsection (1)—
(a)in paragraph (a) for the words “section 90 of the Finance Act 1976” ther shall be substituted the words “section 13 of the Capital Transfer Tax Act 1984”;
(b)in paragraph (b) for the words “section 67 of the Finance Act 1978” there shall be substituted the words “section 28 of the Capital Transfer Tax Act 1984”.
(3)In subsection (4)(b) for the words from “paragraph 17(1)” to “has effect)” there shall be substituted the words “section 86(1) of the Capital Transfer Tax Act 1984 (that is to say, those in relation to which the said section 13 of that Act has effect)”.
(4)In subsection (5) for the words “the said paragraph 17(1)” there shall be substituted the words “the said section 86(1)”.
12In paragraphs 1 and 3 of Schedule 4 to the M2Capital Gains Tax Act 1979 for the words “Schedule 14 to the Finance Act 1981” wherever they occur there shall be substituted the words “Chapter II of Part V of the Capital Transfer Tax Act 1984”.