Finance Act 1994

46 (1) In subsection (1) of section 283 of the [1992 c. 12.] Taxation of Chargeable Gains Act 1992 (repayment supplements)—

(a) for the words from “for which” to “that year of assessment” there shall be substituted the words “a repayment of that tax is made by the Board or an officer of the Board”, and

(b) for the words “the end of the tax month in which” there shall be substituted the words “the date on which”.

(2) For subsection (2) of that section there shall be substituted the following subsection—

“(2) For the purposes of subsection (1) above, the relevant time is either the 31st January next following the year of assessment for which the tax was payable or, if later, the date on which the tax was paid.”

(3) In subsection (4) of that section, for the words from “partnership” to “section 701(9) of that Act)” there shall be substituted the words “trust or”.

(4) Subsection (5) of that section shall cease to have effect.