6(1)In section 56A of the [1979 c. 14.] Capital Gains Tax Act 1979 (gifts relief in cases within section 55 or 56)—
(a)in subsection (1), for the words “79 of the [1980 c. 48.] Finance Act 1980” there shall be substituted the words “126 or 147A below”, and
(b)in subsection (4), for the words “79(1) of the Finance Act 1980” there shall be substituted the words “126 or, as the case may be, 147A below”.
(2)In section 155(1) of that Act, the following definition shall be inserted after the definition of “quoted”—
““recognised stock exchange” has the meaning given by section 841 of the Taxes Act 1988,”.
(3)In section 79 of the [1981 c. 35.] Finance Act 1981 (emigration of donee)—
(a)in subsection (1), for paragraph (a) there shall be substituted—
“(a)relief is given under section 126 of the Capital Gains Tax Act 1979 in respect of a disposal to an individual or the trustees of a settlement or under section 147A of that Act in respect of any disposal (“the relevant disposal”);”,
and for the words “the said section 79” there shall be substituted the words “section 126 or 147A”, and
(b)for the words “subsection (1)(b) of the said section 79” in subsection (2) and for the words “section 79(1)(b) of the Finance Act 1980” in subsections (6) and (10) there shall be substituted the words “section 126(3)(b) or 147A(3)(b) of the Capital Gains Tax Act 1979”.
(4)In section 64(5)(b) of the [1984 c. 43.] Finance Act 1984 (qualifying corporate bonds), for the words “of that Act or section 79 of the Finance Act 1980” there shall be substituted the words “or 147A of that Act”.
(5)In section 58 of the [1986 c. 41.] Finance Act 1986 (gifts into dual resident trusts)—
(a)in subsection (1), for the words “79 of the Finance Act 1980 (general relief” there shall be substituted the words “126 or 147A of the Capital Gains Tax Act 1979 (relief”, and for the words “subsection (1)” there shall be substituted the words “subsection (3)”,
(b)subsection (2)(b) shall be omitted, and
(c)in subsections (3) and (5), for the words “the 1980 provision” in each place where they occur there shall be substituted the words “section 126 or 147A of the [1979 c. 14.] Capital Gains Tax Act 1979”.
(6)In paragraph 3(3) of Schedule 28 to the Taxes Act 1988 (offshore income gains), for the words “79 of the Finance Act 1980 (relief for gifts), that section” there shall be substituted the words “126 or 147A of the [1980 c. 43.] Capital Gains Tax Act 1979 (relief for gifts), the claim”.