Taxation of Chargeable Gains Act 1992 section Sch 10 para 15

British Steel Act 1988

Schedule 10, paragraph 15 makes a consequential amendment to the British Steel Act 1988 to update a cross-reference so that it points to the correct provision in the Taxation of Chargeable Gains Act 1992.

• This paragraph amends section 11(2) of the British Steel Act 1988.
• It replaces an outdated reference to section 272(5) of the Income and Corporation Taxes Act 1970.
• The new reference points instead to section 170(12) of the Taxation of Chargeable Gains Act 1992.
• This is a purely technical update ensuring that the British Steel Act 1988 refers to the correct, current legislation.