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Finance Act 1989

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This is the original version (as it was originally enacted).

Part VIICapital Gains

ChapterShort titleExtent of repeal
1.

The repeal in the Finance Act 1973 has effect in accordance with section 130 of this Act.

2.

The repeal in section 142A of the Capital Gains Tax Act 1979 has effect in accordance with section 92 of this Act.

3.

The repeal of section 81 of the Finance Act 1982 has effect in relation to disposals on or after 6th April 1989 or, in the case of section 81(1)(b), assets acquired on or after that date.

4.

The repeal of section 64(2)(a) of the Finance Act 1984 has effect in accordance with section 139(1) of this Act.

5.

The repeal in section 97(2) of the Inheritance Tax Act 1984 has effect in accordance with section 138(7) of this Act.

6.

The repeal in the Finance (No.2) Act 1987 has effect in accordance with section 140 of this Act.

7.

The remaining repeals have effect in relation to disposals on or after 14th March 1989 (except that they shall not have effect in relation to such a disposal in a case where the enactment in question operates in consequence of relief having been given under section 79 of the Finance Act 1980 in respect of a disposal made before that date).

1973 c. 51.The Finance Act 1973.In section 38(3B)(a), the words “within the period of two years ending at 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), the words “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.
1986 c. 41.The Finance Act 1986.In section 58(2), paragraph (b) and the word “and” preceding it.

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 section 126(7) of the Capital Gains Tax Act 1979.

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