Taxation of Chargeable Gains Act 1992 Schedule 10 paragraph 19

Consequential amendments to the Finance Act 1989

Paragraph 19 of Schedule 10 updates various cross-references in the Finance Act 1989, replacing outdated references to earlier capital gains tax legislation with the corresponding provisions of the Taxation of Chargeable Gains Act 1992.

• References in sections 69 and Schedule 5 of the Finance Act 1989 to section 85(1) of the Capital Gains Tax Act 1979 and section 77 are replaced with references to section 135(1) and section 126 of TCGA 1992 respectively.
• The reference in section 70(2) to section 32(1)(a) of the Capital Gains Tax Act 1979 is replaced with a reference to section 38(1)(a) of TCGA 1992.
• References in sections 158(2) and 178(2) to earlier legislation concerning capital gains tax liability on death are replaced with references to section 283 of TCGA 1992.
• Sub-paragraph (6) was subsequently repealed by the Finance Act 1996.

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