Taxation of Chargeable Gains Act 1992 section Sch 10 para 16

Finance Act 1988

Section Sch 10 para 16 makes consequential amendments to the Finance Act 1988 to update cross-references from the old Capital Gains Tax Act 1979 to the corresponding provisions of the Taxation of Chargeable Gains Act 1992.

• The Finance Act 1988 is amended so that its references point to the TCGA 1992 rather than the repealed Capital Gains Tax Act 1979.
• The reference in section 50(4) of the Finance Act 1988 to Schedule 3 of the 1979 Act is replaced with a reference to Schedule 8 of the TCGA 1992.
• The reference in Schedule 12, paragraph 6(2) of the Finance Act 1988 to section 72 of the 1979 Act is replaced with a reference to section 122 of the TCGA 1992.
• Several sub-paragraphs have been repealed by subsequent legislation, including the Income Tax (Earnings and Pensions) Act 2003 and the Taxation (International and Other Provisions) Act 2010.