Taxation of Chargeable Gains Act 1992 section Sch 10 para 11

Transport Act 1985 c. 67

Section Sch 10 para 11 updates cross-references in section 130 of the Transport Act 1985 to reflect the consolidation of capital gains tax legislation into the Taxation of Chargeable Gains Act 1992.

• References in section 130(3) of the Transport Act 1985 to the Capital Gains Tax Act 1979 are replaced with references to the Taxation of Chargeable Gains Act 1992.
• The specific section reference in subsection (3) changes from section 5 of the old Act to section 2 of the 1992 Act.
• References in section 130(4) to section 278 of the Income and Corporation Taxes Act 1970 are replaced with references to sections 178 or 179 of the 1992 Act.
• These are purely consequential amendments updating statutory cross-references, with no change to the underlying tax treatment.