SCHEDULES
SCHEDULE 8Relevant high value disposals: gains and losses
Threshold amount from 6 April 2016
4
1
Section 2D (CGT on ATED-related gains: the threshold amount) is amended as follows.
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.