Taxation of Chargeable Gains Act 1992 Schedule 11 paragraph 24

Amendments in other Acts

Paragraph 24 of Schedule 11 preserves certain amendments made by earlier tax legislation, even though that earlier legislation has itself been repealed by the Taxation of Chargeable Gains Act 1992.

• The repeal of the Income and Corporation Taxes Act 1970 does not undo the amendment that Act made to section 26 of the Finance Act 1956.
• The repeal of the 1970 Act also does not affect paragraph 10 of its Schedule 15, insofar as it relates to the Taxes Management Act.
• The repeal of Schedule 7 to the Capital Gains Tax Act 1979 does not undo any amendments that Schedule made to legislation still in force.
• The general principle is that repealing a consolidating Act does not reverse the consequential amendments those earlier Acts made to other surviving legislation.