Finance Act 2015 (c. 11)

SCHEDULES

SCHEDULE 8 U.K. Relevant high value disposals: gains and losses

“Relevant high value disposal” U.K.

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

(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—

  (a)

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

  (b)

  in Case 2 in that paragraph, 2015;

  (c)

  in Case 3 in that paragraph, 2016;”.

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