Finance Act 2015 (c. 11)

SCHEDULES

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

Threshold amount for the tax year 2015-16 U.K.

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

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

(3) In subsection (3) for “£2 million” substitute “ £1 million ”.

(4) In subsection (5) for “ “£2 million”” substitute “ “£1 million” ”.

(5) The amendments made by this paragraph have effect in relation to disposals occurring in the tax year 2015-16.