Finance Act 2015 (c. 11)

SCHEDULES

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

Threshold amount from 6 April 2016 U.K.

4 (1) Section 2D (CGT on ATED-related gains: the threshold amount) is amended as follows. U.K.

(2) In subsection (2) for “£1 million” substitute “ £500,000 ”.

(3) In subsection (3) for “£1 million” substitute “ £500,000 ”.

(4) In subsection (5) for “ “£1 million”” substitute “ “£500,000” ”.

(5) The amendments made by this paragraph have effect in relation to disposals occurring on or after 6 April 2016.