Taxation of Chargeable Gains Act 1992 Schedule 11 paragraph 22

Estate duty

Paragraph 22 of Schedule 11 preserves the operation of any enactment used to determine principal value for estate duty purposes, notwithstanding repeals made by this Act.

• The repeals made by the Taxation of Chargeable Gains Act 1992 do not disturb any rules used for estate duty valuations.
• Any enactment relevant to determining principal value for estate duty continues to apply as before.
• This is a saving provision ensuring that historical estate duty calculations remain unaffected.
• The paragraph protects the integrity of past and ongoing estate duty determinations from unintended legislative consequences.