- Latest available (Revised)
- Original (As enacted)
Finance Act 1989
You are here:
- 1989 c. 26
- SCHEDULE 17
- Part VII
What Version
Advanced Features
- Show Geographical Extent(e.g. England, Wales, Scotland, Northern Ireland)
- Show Timeline of Changes
Opening Options
Changes to legislation:
There are outstanding changes not yet made by the legislation.gov.uk editorial team to Finance Act 1989. Any changes that have already been made by the team appear in the content and are referenced with annotations.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to Schedule 17 Part VII:
Changes and effects
This section lists the changes and effects yet to be applied to the specific provision you are viewing.
- s. 69(3AA) para. (a) text amended by 2003 c. 1 Sch. 6 Pt. 2 para. 160(1)para. 160(2)(a)
- s. 69(3AA) para. (b) text amended by 2003 c. 1 Sch. 6 Pt. 2 para. 160(1)para. 160(2)(b)
- s. 82-82B substituted for s. 82 by 2003 c. 14 Sch. 33 para. 1(1)
Changes and effects yet to be applied to the whole Act, associated Parts and Chapters:
Changes and effects
This section lists the changes and effects yet to be applied to the whole Act, associated Parts and Chapters where applicable. This includes any insertions of whole new Parts, Chapters or provisions yet to be inserted into this Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing.
- Act amendment to earlier affecting provision SI 2006/3271 reg. 19-26 by S.I. 2007/2146 reg. 14-18
- Act amendment to earlier affecting provision SI 2006/3271 reg. 19-26 by S.I. 2007/3449 reg. 7 8
- Act amendment to earlier affecting provision SI 2006/3271 regs. 19-26 by S.I. 2008/1924 reg. 13-17
- Act modified by S.I. 2006/3271 reg. 19-26
- Act modified by 1988 c. 1 Sch. 19ABA Pt. 3 paras. 12-25 (as inserted) by S.I. 2007/3430 art. 3(3)
- Blanket amendment text amended by S.I. 2011/1043 art. 3 4
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 79 repealed by 2003 c. 1 Sch. 8 Pt. 1
- s. 82B amendment to earlier affecting provision SI 1997/473 reg. 32A by S.I. 2005/2005 reg. 7
- s. 82B modified by S.I. 2005/2014 reg. 27
- s. 82B modified by SI 1997/437 reg. 32A (as inserted) by S.I. 2004/822 reg. 28
- s. 82B(1)(b) text amended by 2005 c. 22 Sch. 9 para. 10
- s. 82C inserted by 2004 c. 12 Sch. 7 para. 5(2)
- s. 82C repealed by 2007 c. 11 Sch. 9 para. 9 Sch. 27 Pt. 2(9)
- s. 82C(1)(b) text amended by 2005 c. 22 Sch. 9 para. 11(2)
- s. 82C(4)(5) repealed by 2005 c. 22 Sch. 9 para. 11(3) Sch. 11 Pt. 2(10)
- s. 82C(8)(9) repealed by 2005 c. 22 Sch. 9 para. 11(3) Sch. 11 Pt. 2(10)
- s. 82D inserted by S.I. 2006/3387 art. 5
- s. 82D(1) text amended by S.I. 2007/1031 art. 12(2)
- s. 82D(2)-(2C) substituted for s. 82D(2) by S.I. 2007/1031 art. 12(3)
- s. 82D(2) text amended by 2009 c. 4 Sch. 1 para. 342
- s. 82D(2A) omitted by S.I. 2008/381 art. 25
- s. 82D(2A) text amended by 2007 c. 11 Sch. 9 para. 3(3)(b)
- s. 82D(3) omitted by S.I. 2007/1031 art. 12(4)
- s. 82D(4) substituted by S.I. 2007/1031 art. 12(5)
- s. 82D(5) repealed by 2007 c. 11 Sch. 10 para. 8(2)(b) Sch. 27 Pt. 2(10)
- s. 82D(6) added by S.I. 2007/1031 art. 12(6)
- s. 82E applied (with modifications) by 1988 c. 1 s. 432YA(6) (as added) by S.I. 2007/1031 art. 3(5)
- s. 82E 82F inserted by S.I. 2007/1031 art. 13
- s. 82E(4) substituted by S.I. 2008/3096 art. 3(2)
- s. 82E(6)(7) substituted by S.I. 2008/3096 art. 3(3)
- s. 82E(7) text amended by 2009 c. 4 Sch. 1 para. 343
- s. 82E(8)(9) added by S.I. 2008/3096 art. 3(4)
- s. 82F applied (with modifications) by 1988 c. 1 s. 432YA(6) (as added) by S.I. 2007/1031 art. 3(5)
- s. 82F(1)(b) text amended by S.I. 2008/3096 art. 4(2)
- s. 82F(5A) inserted by S.I. 2008/1905 art. 2(2)
- s. 82F(5A) text amended by S.I. 2008/3096 art. 4(3)
- s. 82F(6) text amended by S.I. 2008/3096 art. 4(4)
- s. 82F(6A) inserted by S.I. 2008/3096 art. 4(5)
- s. 83B inserted by 2005 c. 22 Sch. 9 para. 14
- s. 83B(3) text amended by 2007 c. 11 Sch. 9 para. 11(3)
- s. 83XA inserted by 2007 c. 11 Sch. 10 para. 2
- s. 83XA(10)(11) omitted by 2008 c. 9 Sch. 17 para. 7(a)
- s. 83XA(15) text amended by 2008 c. 9 Sch. 17 para. 7(b)
- s. 83YA 83YB inserted by 2006 c. 25 Sch. 11 para. 7(1)
- s. 83YA modified by 2006 c. 25 Sch. 11 para. 7(3)-(6)
- s. 83YA(7) text amended by 2007 c. 11 Sch. 9 para. 7(2)
- s. 83YA(7)(a) text amended by S.I. 2008/381 art. 26(2)(a)(b)
- s. 83YA(8) repealed by 2007 c. 11 Sch. 10 para. 8(2)(c) Sch. 27 Pt. 2(10)
- s. 83YA(11) text amended by 2007 c. 11 Sch. 10 para. 8(2)(c) Sch. 27 Pt. 2(10)
- s. 83YA(11) text amended by S.I. 2006/3270 art. 9(a)
- s. 83YA(11) text amended by S.I. 2008/381 art. 26(3)
- s. 83YB modified by 2006 c. 25 Sch. 11 para. 7(3)-(6)
- s. 83YB(5) repealed by 2007 c. 11 Sch. 10 para. 10(3)(e) Sch. 27 Pt. 2(10)
- s. 83YC-83YF inserted by 2008 c. 9 Sch. 17 para. 1(3)
- s. 83YC modified by 1988 c. 1 s. 444AE (as substituted) by 2008 c. 9 Sch. 17 para. 2
- s. 83YC(6)(b) text amended by 2009 c. 4 Sch. 1 para. 345(2)
- s. 83YC(10) text amended by 2009 c. 4 Sch. 1 para. 345(3)
- s. 83YD modified by 1988 c. 1 s. 444AE (as substituted) by 2008 c. 9 Sch. 17 para. 2
- s. 83YD(3)(a) text amended by 2009 c. 4 Sch. 1 para. 346
- s. 83YF(2) text amended by 2009 c. 4 Sch. 1 para. 347(2)
- s. 83YF(3) text amended by 2009 c. 4 Sch. 1 para. 347(3)
- s. 83ZA inserted by 2003 c. 14 Sch. 33 para. 3(1)
- s. 83ZA omitted by 2008 c. 9 Sch. 17 para. 1(4)
- s. 83ZA(4) text amended by 2007 c. 11 Sch. 10 para. 1
- s. 83ZA(7) text amended by 2006 c. 25 Sch. 11 para. 8(2)(a) Sch. 26 Pt. 3(14)
- s. 83ZA(7)(b) repealed by 2006 c. 25 Sch. 11 para. 8(2)(b) Sch. 26 Pt. 3(14)
- s. 83ZA(10) repealed by 2006 c. 25 Sch. 11 para. 8(3) Sch. 26 Pt. 3(14)
- s. 83ZA(10)(b) text amended by S.I. 2004/3266 art. 9(2)
- s. 83ZA(11) text amended by 2006 c. 25 Sch. 11 para. 8(4) Sch. 26 Pt. 3(14)
- s. 83ZA(12) repealed by 2006 c. 25 Sch. 11 para. 8(5) Sch. 26 Pt. 3(14)
- s. 83ZA(12) text amended by S.I. 2004/3266 art. 9(2)
- s. 83ZA(12) text amended by S.I. 2004/3266 art. 9(3)
- s. 83ZA(15) text amended by 2006 c. 25 Sch. 11 para. 8(6) Sch. 26 Pt. 3(14)
- s. 85A inserted by 2007 c. 11 Sch. 8 para. 14
- s. 85A title text amended by 2009 c. 4 Sch. 1 para. 349(8)
- s. 85A(1) text amended by 2009 c. 4 Sch. 1 para. 349(2)
- s. 85A(2) text amended by 2009 c. 4 Sch. 1 para. 349(3)
- s. 85A(3) text amended by 2009 c. 4 Sch. 1 para. 349(4)(a)
- s. 85A(3)(a) text amended by 2009 c. 4 Sch. 1 para. 349(4)(b)
- s. 85A(4) text amended by 2009 c. 4 Sch. 1 para. 349(5)
- s. 85A(4) words substituted by 2010 c. 4 Sch. 1 para. 213
- s. 85A(6) substituted for s. 85(6)(7) by 2008 c. 9 Sch. 17 para. 18(3)
- s. 85A(6)(a) text amended by 2009 c. 10 Sch. 14 para. 16(2)
- s. 85A(6)(b) text amended by 2009 c. 4 Sch. 1 para. 349(6) Sch. 3 Pt. 1
- s. 85A(6A) inserted by 2009 c. 10 Sch. 14 para. 16(3)
- s. 85A(8)(b) text amended by 2009 c. 4 Sch. 1 para. 349(7)(a) Sch. 3 Pt. 1
- s. 85A(8)(c) text amended by 2009 c. 4 Sch. 1 para. 349(7)(b) Sch. 3 Pt. 1
- s. 90A inserted by 2003 c. 14 Sch. 33 para. 31
- s. 90A repealed by 2007 c. 11 Sch. 10 para. 14(3)(c) Sch. 27 Pt. 2(10)
- s. 214BA inserted by 2003 c. 14 Sch. 33 para. 32
Commencement Orders yet to be applied to the Finance Act 1989:
Commencement Orders
This section lists the commencement orders yet to be applied to the whole Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing. Where applicable the commencement orders are listed under two headings, firstly those that bring some part of the Act you are viewing into force and secondly, those that bring into force legislation that affects some part of the legislation you are viewing. If you are viewing a prospective version or there is a prospective version available there may be commencement orders listed here that are relevant to the provision you are viewing.
Commencement Orders bringing legislation that affects this Act into force:
- S.I. 2003/392 art. 2 commences (2002 c. 21)
- S.I. 2003/1725 art. 2 commences (2002 c. 9)
- S.I. 2004/2422 art. 2 commences (2004 c. 6)
- S.I. 2004/3369 art. 2 commences (2004 c. 6)
- S.I. 2005/275 art. 2 Sch. commences (2004 c. 35)
- S.I. 2005/1126 art. 2 commences (2005 c. 11)
- S.I. 2005/2800 art. 3-5 commences (2005 c. 10)
- S.I. 2008/379 art. 2 commences (2007 c. 11)
- S.I. 2009/403 art. 2 commences (2008 c. 9)
- S.I. 2009/404 art. 2 commences (2008 c. 9)
- S.I. 2010/128 art. 2 commences (2006 c. 18)
- S.I. 2010/495 art. 3 4 commences (2006 c. 18)
- S.I. 2011/2576 art. 5 commences (2011 c. 4)
- S.R. 2005/48 art. 2 commences (S.I. 2005/255 (N.I.))
Part VIIE+W+S+N.I. Capital Gains
| 1973 c. 51. | The Finance Act 1973. | In section 38(3B)(a), the words “within the period of two years endingat the date of the disposal”. |
| 1979 c. 14. | The Capital Gains Tax Act 1979. | Section 126(7)(b).Section 142A(5)(c).In Schedule 4, in paragraph 1(2), thewords “at the rate of 50 per cent.,”, in paragraph 3(1), the words from “by virtue” to “(settled property)”, in paragraph 3(2), the words “at the rate of 50 per cent.,” and in paragraph 4(4), the words “(taking account” onwards. |
| 1980 c. 48. | The Finance Act 1980. | Section 79. |
| 1981 c. 35. | The Finance Act 1981. | Section 78.Section 96(3)(e) and (4). |
| 1982 c. 39. | The Finance Act 1982. | Sections 81 and 82. |
| 1984 c. 43. | The Finance Act 1984. | Section 64(2)(a). |
| 1984 c. 51. | The Inheritance Tax Act 1984. | In section 97(2), the words from “and in this section” to the end. |
| 1985 c. 54. | The Finance Act 1985. | In section 70(10), paragraph (a) and the word “and” following it. |
| 1986 c. 41. | The Finance Act 1986. | In section 58(2), paragraph (b) and the word “and” precedingit.Section 101(2). |
| 1987 c. 51. | The Finance (No.2) Act 1987. | Section 78. |
| 1988 c. 1. | The Income and Corporation Taxes Act 1988. | In Schedule 29, in the Table in paragraph 32, the entry relating to section126(7) of the Capital Gains Tax Act 1979. |
1The repeal in the Finance Act 1973 has effect in accordance with section130 of this Act.E+W+S+N.I.
2The repeal in section 142A of the Capital Gains Tax Act 1979 has effectin accordance with section 92 of this Act.E+W+S+N.I.
3The repeal of section 81 of the Finance Act 1982 has effect in relationto disposals on or after 6th April 1989 or, in the case of section 81(1)(b),assets acquired on or after that date.E+W+S+N.I.
4The repeal of section 64(2)(a) of the Finance Act 1984 has effect inaccordance with section 139(1) of this Act.E+W+S+N.I.
5The repeal in section 97(2) of the Inheritance Tax Act 1984 has effect inaccordance with section 138(7) of this Act.E+W+S+N.I.
6The repeal in the Finance (No.2) Act 1987 has effect in accordance withsection 140 of this Act.E+W+S+N.I.
7The remaining repeals have effect in relation to disposals on or after14th March 1989 (except that they shall not have effect in relation to sucha disposal in a case where the enactment in question operates in consequenceof relief having been given under section 79 of the Finance Act 1980 inrespect of a disposal made before that date).E+W+S+N.I.
Options/Help
Print Options
Print The Whole Act
Print The Whole Schedule
Print This Part only
You have chosen to open The Whole Act
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open The Whole Act as a PDF
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
You have chosen to open the Whole Act
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open the Whole Act without Schedules
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open Schedules only
The Schedules only you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
See additional information alongside the content
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Opening Options
Different options to open legislation in order to view more content on screen at once
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
More Resources
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- correction slips
Click 'View More' or select 'More Resources' tab for additional information including:
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- links to related legislation and further information resources