Taxation of Chargeable Gains Act 1992 section Schedule 10 paragraph 12

Airports Act 1986 c. 31

Schedule 10, paragraph 12 updates a cross-reference in the Airports Act 1986 to reflect the consolidation of capital gains tax legislation into the Taxation of Chargeable Gains Act 1992.

• This paragraph amends section 77(2) of the Airports Act 1986.
• It replaces an outdated reference to section 272(5) of the Income and Corporation Taxes Act 1970.
• The new reference points to section 170(12) of the Taxation of Chargeable Gains Act 1992.
• This is a consequential amendment ensuring the Airports Act 1986 refers to the correct, current legislation following the 1992 consolidation.