PART 1Income tax, corporation tax and capital gains tax
CHAPTER 1Charge, rates etc
Capital gains tax
9Annual exempt amount for 2015-16 onwards
(1)
For the tax year 2015-16 and subsequent tax years the amount specified in section 3(2) of TCGA 1992 (annual exempt amount) is replaced with “
£11,100
”
.
(2)
Section 3(3) of that Act (indexation of annual exempt amount) does not apply in relation to the tax year 2015-16 (but subsection (1) does not override section 3(3) of that Act for subsequent tax years).