SCHEDULES

SCHEDULE 8Relevant high value disposals: gains and losses

“Relevant high value disposal”

2

1

Section 2C (“relevant high value disposal”) is amended as follows.

2

In subsection (6), in the definition of “the relevant ownership period” for “6 April 2013” substitute “ 6 April in the relevant year ”.

3

In that subsection, after that definition insert—

  • “the relevant year” means—

    1. a

      in Case 1 in paragraph 2 of Schedule 4ZZA, 2013;

    2. b

      in Case 2 in that paragraph, 2015;

    3. c

      in Case 3 in that paragraph, 2016;

4

In subsection (7)(b), for “1 April 2013” substitute “ 1 April in the relevant year ”.