Taxation of Chargeable Gains Act 1992 section Sch 10 para 25

British Technology Group Act 1991 c. 66

Schedule 10 paragraph 25 updates a cross-reference in the British Technology Group Act 1991 to point to the correct provision in the Taxation of Chargeable Gains Act 1992.

• This is a consequential amendment arising from the consolidation of capital gains tax legislation into the Taxation of Chargeable Gains Act 1992.
• It amends section 12(2) of the British Technology Group Act 1991 by replacing the old reference to section 345 of the Income and Corporation Taxes Act 1988.
• The replacement reference is to section 8 of the Taxation of Chargeable Gains Act 1992, which is where the relevant provision now sits.
• The amendment is purely technical and does not change any underlying tax rules or obligations.