Taxation of Chargeable Gains Act 1992 Schedule 10 paragraph 19

Finance Act 1989 c. 26

Schedule 10 paragraph 19 updates various cross-references within the Finance Act 1989 so that they point to the equivalent provisions of the Taxation of Chargeable Gains Act 1992 instead of older legislation.

• References in sections 69(9) and Schedule 5 (paragraphs 8 and 11) 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) of the Finance Act 1989 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) of the Finance Act 1989 to earlier capital gains tax legislation are replaced with references to section 283 of TCGA 1992, which deals with the application of capital gains tax to settled property held by trustees.
• Sub-paragraph (6), which made a further consequential amendment, has since been repealed by the Finance Act 1996.

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